COMMODITY
Copper futures settle down ahead of lunar new year break
Feb-11-2026
Copper futures settled down on Tuesday as global inventories climbed and industrial demand from China slowed ahead of an extra-long nine-day Lunar New Year break, running from February 15 to 23. Hawkish comments from regional Fed Presidents also pressured red metal prices.  Cleveland Fed President Beth Hammack said the Fed could be on hold for quite some time, and Dallas Fed President Lorie Logan said it would take material weakness in the US labour market for her to support more interest rate cuts. Although, longer-term support remained in place for copper prices due to ongoing supply disruptions and robust global demand from the energy transition and AI data center expansion.

Copper futures for March delivery fell $0.049 to settle at $5.9135 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.52% at $13,108 a ton.


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