Copper futures settle almost flat with negative bias on Monday
Copper futures settled almost flat with negative bias on Monday, despite news of a zero-fee processing deal involving a Chinese smelter highlighted mine disruptions and potential shortages. Copper prices still supported by bullish long-term demand outlook and rising expectations that the Federal Reserve will pursue an easier monetary policy in 2026 as President Trump intends to appoint a dovish Fed Chair.
Copper futures for March delivery fell $0.0005 to settle at $5.5095 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.37% at $11,925 a ton.
