COMMODITY
Copper futures settle down on strengthening US dollar overseas
Mar-12-2026
Copper futures settled down on Wednesday, driven by the strengthening US dollar against most major currencies and global economic concerns linked to rising energy costs and inflation. A stronger dollar made dollar-denominated copper more expensive for international buyers, and dampened demand. The United States and Iran have signalled no quick end to their war, with Trump stating that it is necessary to finish the job and Iran warned that the world should be ready for oil at $200 a barrel after striking tankers in Iraqi waters and other ships near the vital Strait of Hormuz. Moreover, copper inventories continued to build.

Copper futures for May delivery fell $0.0605 to settle at $5.8915 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.75% at $13,042 a ton.



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