Copper futures settle higher on weaker dollar overseas
Copper futures settled higher on Wednesday on weaker dollar overseas due to increasing optimism for interest-rate cuts by the US Federal Reserve and after data showed the US MNI Chicago PMI declined to 36.3 in November 2025, weaker than expectations of 43.6 and the steepest pace of contraction in 17 months. Moreover, tightening supply and increasing demand from the green energy sector, including electric vehicles and renewable energy projects have also supported copper prices’ upside move.
Copper futures for December delivery rose $0.1035 to settle at $5.1940 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.45% at $10,975 a ton.
