COMMODITY
Copper futures settle lower on Wednesday
Oct-22-2026

Copper futures settled lower on Wednesday, as market expectations for proposed US tariffs on refined copper imports faded ahead of the midterm elections. Moreover, a slightly stronger US dollar ahead of next week's highly anticipated monetary policy decisions also dampened copper prices. However, a looming strike at Canada's largest copper mine added another potential disruption to an already tight global market for the red metal. 

Copper futures for December delivery fell $0.024 to settle at $6.5795 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.45% at $14,356 a ton.


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