2025-12-22 11:09:47 am | Source: Accord Fintech
Copper futures trade higher on global supply ripples
Copper futures were trading higher on Monday tracking steady dollar overseas ahead of the looming US third-quarter GDP Annualized for Q3 due on Tuesday, which will provide insights into the economy’s health and help gauge the timing of the Federal Reserve’s next interest-rate moves. Copper prices gained further after Chilean miner Antofagasta and a Chinese smelter agreed on a zero-processing fee for 2026 copper concentrate, while top consumer China kept the benchmark loan prime rates unchanged in line with market expectations.
Copper futures for March delivery rose $0.0250 or 0.45% at $5.5350 a pound on the Comex metals division of New York Mercantile Exchange.
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