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Copper futures settle down as US dollar firms overseas

02 Sep 2026 Evaluate
Copper futures settled lower on Tuesday as the US dollar firmed against its major peers overseas, while rising Brent crude prices and a global bond selloff sent yields to their highest level since 2008. Besides, escalating tensions in the Middle East also dimmed copper's appeal. Meanwhile, copper price stalled short of a record high as output from Chile, the world's largest copper producer, slumped to a 2011 low due to severe storms.

Copper futures for December delivery fell $0.087 to settle at $6.6005 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.14% at $14,274.50 a ton.