COMMODITY
Copper futures settle almost flat on Tuesday
Apr-02-2025
Copper futures settled almost flat with positive momentum on Tuesday due to supply constraints in the market, while strong Chinese economic data also supported copper prices to some extent. The Caixin/S&P Global manufacturing PMI for China rose to 51.2 in March, up from 50.8 in February. But investors are in caution mode about a potential global trade war stemming from US President Donald Trump’s reciprocal tariffs. 

Copper futures for May delivery gained $0.0010 to settle at $5.0350 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.18 percent at $9,693 a ton.

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