COMMODITY
Copper futures settle higher on Tuesday
Jul-02-2025
Copper futures settled higher on Tuesday due to continuous tariff threats by the US President Donald Trump on copper imports, while a weaker American currency also boosted the dollar-denominated copper futures as they became cheaper to global traders. Copper prices improved further by increasing optimism over Chinese demand after a recent survey showed China’s factory activity returned to expansion in June, boosted by increasing orders after a month of contraction. Moreover, mounting concerns over global supply shortages also supported sentiments.

Copper futures for September delivery gained $0.017 to settle at $5.0995 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.66 percent at $9,934 a ton.
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