COMMODITY
Copper futures settle down on aggressive profit-taking
Feb-03-2026
Copper futures settled down on Monday due to aggressive profit-taking in the metals market. Meanwhile, concerns over US President Donald Trump’s appointment of hawkish Kevin Warsh as the next Federal Reserve chair strengthened the American currency and pressurized base metal prices. However, some falls were limited by an improvement in Chinese manufacturing activity. China’s manufacturing PMI rose to 50.3 in January from 50.1 in December, in line with market expectations.

Copper futures for March delivery fell $0.0985 to settle at $5.8255 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.02% at $12,891.50 a ton.

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