Copper futures settled lower on Friday, as escalating tensions in the Middle East stoked inflation fears and raised concerns that central banks will maintain high interest rates, which weighed on the global industrial demand. However, rising supply concerns after a powerful storm swept across top producer Chile, along with expectations of lower output lent some support to red metal prices.
Copper futures for September delivery fell $ 0.0770 to settle at $ 6.2650 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.54% at $13,525.50 a ton.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: