COMMODITY
Copper futures settle higher as US dollar weakens
May-22-2025
Copper futures settled higher on Wednesday as the US dollar weakened against other major currencies making copper cheaper for holders of other currencies. Moreover, stimulus efforts from the world’s top metal consumer China and potential rate cuts from the US Federal Reserve have also supported copper prices’ up-move. But, investors closely watched a pivotal debate over the US President Donald Trump's tax-cut bill that has fuelled concerns about the country's growing debt.

Copper futures for July delivery gained $0.018 to settle at $4.6720 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.15 percent at $9,533.50 a ton.



  RELATED NEWS >>