COMMODITY
Copper futures settle higher as metals selloff eases
Feb-04-2026
Copper futures settled higher on Tuesday as metals selloff eased and reports showed that China is considering boosting its strategic copper stockpiles and encouraging restocking by fabricators ahead of the Lunar New Year. Moreover, weakness in the US dollar also makes dollar-denominated commodities cheaper for holders of other currencies. Meanwhile, longer-term support remained in place for copper prices due to recurring supply tightness and resilient industrial demand linked to renewable energy, electrification and artificial intelligence.

Copper futures for March delivery rose $0.261 to settle at $6.0865 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 4.55% at $13,478 a ton.

  RELATED NEWS >>