COMMODITY
Copper futures settle down on strong dollar overseas
Jun-19-2026
Copper futures settled lower on Thursday as the US dollar strengthened against its major peers overseas amid increased investor bets on a US Federal Reserve rate hike later this year after policymakers struck a hawkish tone. Meanwhile, the interim US-Iran peace deal is expected to lead to the reopening of the strategically important Strait of Hormuz, thereby reducing supply risks. Copper prices weakened further as Rio Tinto resumed copper concentrate exports from the Oyu Tolgoi mine in Mongolia. 

Copper futures for July delivery fell $0.108 to settle at $6.3855 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.90% at $13,690.50 a ton.

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