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Copper futures settle higher on weaker American currency overseas
May-20-2025

Copper futures settled higher on Monday amid weaker American currency overseas as trade tensions escalated, which makes copper less expensive for other currency holders. However, some gains were limited by concerns over US debt after Moody's downgraded the US government's credit rating late Friday. Besides, US Treasury Secretary Scott Bessent had said that President Trump will impose tariffs at the rate he threatened on April 2 if trading partners did not negotiate in good faith.   

Copper futures for July delivery gained $0.077 to settle at $4.6705 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.80 percent at $9,523.50 a ton.


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