COMMODITY
Copper futures extend losses on Monday
Feb-02-2026

Copper futures were extended losses on Monday as the broader metals selloff continued for a second day, while the American currency's gain following US President Donald Trump’s nomination of Kevin Warsh also contributed to the drop in red metals prices. A build-up in global inventories also dampened copper prices. Even though, copper is being supported by expectations of higher long-term demand amid constrained supply following decades of underinvestment in new mining projects.

Copper futures for March delivery fell $0.1955 or 3.30% at $5.7285 a pound on the Comex metals division of New York Mercantile Exchange.


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