COMMODITY
Copper futures settle down as dollar strengthens
May-13-2025

Copper futures settled down on Monday as the US dollar strengthened against most major rivals, with the markets assessing the US-China trade deal. The US and China announced they will temporarily lower tariffs on each other’s products, with the US reducing its levies on most Chinese imports from 145% to 30% and China lowering its duties on US goods from 125% to 10% for 90 days.

Copper futures for May delivery lost $0.032 to settle at $4.6210 a pound on the Comex metals division of New York Mercantile Exchange. Although, copper on the London Metal Exchange was up by 0.79 percent at $9,520.50 a ton.


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