COMMODITY
Copper futures settle down on strong dollar overseas
Apr-01-2025
Copper futures settled down on Monday as the US dollar strengthened against its major peers overseas following worries over US reciprocal tariffs due this week. However, some losses were capped by strong demand from the world’s top metals consumer after China's manufacturing sector expanded at its fastest rate in an entire year in March, with the PMI rising to 50.5 from 50.2 in February.

Copper futures for May delivery fell $0.096 to settle at $5.0340 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.86 percent at $9,710 a ton.

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