COMMODITY
Copper futures settle lower on Wednesday
Jul-17-2025
Copper futures settled lower on Wednesday as slightly better than expected China’s GDP results reduced the need for additional stimulus measures. Meanwhile, easing concerns about supply disruptions from major copper producers -- Rio Tinto and Antofagasta, rising inventory levels, and uncertainty surrounding the impact of new US tariffs also dampened copper prices. However, some falls were limited after US President Donald Trump denied news reports that he is planning to fire Federal Reserve Chair Jerome Powell.

Copper futures for September delivery lost $0.0515 to settle at $5.5260 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.11 percent at $9,635 a ton.

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