COMMODITY
Copper futures settle down on firm American currency overseas
Feb-05-2026
Copper futures settled down on Wednesday as firm American currency makes copper more expensive for overseas buyers. While, slowed buying from Chinese fabricators and manufacturers as businesses prepare for the Lunar New Year holidays, also weighed on copper prices. Copper prices also dented by rising inventories at major trading hubs in Shanghai, London, and New York, while the China Nonferrous Metals Industry Association also forecasted that the country’s refined copper output would rise about 5% this year following a 10% surge in 2025. 

Copper futures for March delivery fell $0.2365 to settle at $5.85 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 3.22% at $13,044.50 a ton.

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