COMMODITY
Copper futures settle lower on Friday
Jun-06-2026
Copper futures settled lower on Friday as resilient US labour market reinforced expectations that the Federal Reserve will keep interest rates higher for longer to address inflation pressures. Additionally, a strong US dollar also made copper more expensive for international buyers. The latest data showed the US economy added 172,000 jobs in May and the country’s unemployment rate held steady at 4.3%. Meanwhile, traders were monitoring potential US tariff decisions that could impose duties on copper imports, prompting increased shipments into US ports ahead of any policy change. Traders also continued to closely monitor developments in the Middle East.

Copper futures for July delivery fell $0.2505 to settle at $6.2845 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.96% at $13,519.50 a ton.
  RELATED NEWS >>