COMMODITY
Copper futures settle down on Tuesday
Apr-29-2026
Copper futures settled down on Tuesday as lack of progress between Iran and the United States in their conflict dampened the global manufacturing outlook. Copper prices weakened further by stronger American currency against its major peers overseas ahead of Federal Reserve policy decision. However, tight supply conditions and strong restocking demand from China ahead of the Labor Day holiday, limited further losses in copper prices.

Copper futures for May delivery fell $0.047 to settle at $5.9740 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.34% at $13,036.50 a ton.

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