COMMODITY
Copper futures settle down on Monday
Jul-08-2025

Copper futures settled down on Monday after the US President Donald Trump announced that he would increase tariffs on imports from Japan and South Korea to 25% starting August 1, further pressuring key allies to strike trade deals. The president also added that any country aligning with the ‘anti-America’ policies of the Brics group of developing nations will face an additional 10% tariff. Meanwhile, a firm American currency also makes dollar-denominated copper more expensive for overseas buyers. 

Copper futures for September delivery declined $0.1155 to settle at $5.0260 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.35 percent at $9,829.50 a ton.

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