COMMODITY
Copper futures settle down on global recession fears
Apr-04-2025
Copper futures settled down on Thursday on fears that the US President Donald Trump's expansive and more aggressive reciprocal tariff policy on key trading partners could fuel a global recession. Trump imposed an additional 34% tariff on China, bringing the total levies on the country to 54%, raising further uncertainty about the economic outlook for the world’s top metal consumer. Meanwhile, investors are awaiting the US non-farm payrolls report due Friday for further insights into the US Federal Reserve’s future monetary policy direction.

Copper futures for May delivery fell $0.212 to settle at $4.8285 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 3.44 percent at $9,366.50 a ton.
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