COMMODITY
Copper futures settle down on Friday
Dec-28-2024
Copper futures settled down on Friday as investors cautiously focusing on incoming Donald Trump’s administration and the Federal Reserve's interest rate strategy for 2025. Copper prices weakened further even as China’s top copper smelters agreed to price guidance for processing charges in Q1 of 2025 that was lower than this quarter’s guidance, reflecting a lingering shortage of copper concentrates. 

Copper futures for March delivery lost $0.0055 to settle at $4.1220 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.35 percent at $8,982 a ton.

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