COMMODITY
Copper futures end higher on weak dollar overseas
Feb-05-2025
Copper futures settled higher on Tuesday as the US dollar weakened against its major peers overseas. Moreover, US President Donald Trump's decision to pause impositions of tariffs on Canada and Mexico for a month, has also supported copper prices’ up-move. However, renewed US-China trade tensions following China’s announcement of new tariffs on US coal, LNG, crude oil, and farm equipment, effective February 10, has limited further gains in copper prices.

Copper futures for March delivery gained $0.048 to settle at $4.3535 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.57 percent at $9,150.50 a ton.

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