COMMODITY
Copper futures settle higher on supply worries
Jun-06-2025

Copper futures settled higher on Thursday, supported by mounting concerns over supply disruptions amidst recent suspension of the Kakula copper mine in the Democratic Republic of the Congo. Additionally, weaker US dollar and tightening inventories in LME also supported prices. London Metal Exchange (LME) copper inventories fell to 138,000 tonnes, the lowest in almost a year. While the market focus remained on a series of trade talks between the U.S. and its major trading partners.

Copper futures for July delivery gained $0.0465 to settle at $4.9330 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.23 percent at $ 9,739.50 a ton.


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