Copper futures settle down on Monday
Copper futures settled down on Monday ahead of a US Federal Reserve decision this week that should offer clues to the trajectory of the world’s biggest economy. Meanwhile, investors also awaiting the upcoming Central Economic Work Conference where policymakers are set to outline growth targets and policy plans for next year. China's top decision-making body, the Politburo made strengthening domestic demand their top economic priority for 2026, while signalling a measured approach to stimulus. However, some falls were limited by higher demand outlook as global supply of refined copper could see a shortfall of 450,000 tons in 2026, partly due to stockpiling in the United States.
Copper futures for March delivery fell $0.0175 to settle at $5.4445 a pound on the Comex metals division of New York Mercantile Exchange. But, Copper on the London Metal Exchange was up by 0.13% at $11,635.50 a ton.
