COMMODITY
Copper futures settle lower on Thursday
May-08-2026
Copper futures settled lower on Thursday, pressured by a stronger US dollar and caution regarding ongoing geopolitical tensions in the Middle East. Moreover, the recent buildup in copper inventories across major exchanges indicated a cooling in immediate demand for the red metal. As of May 7, 2026, stocks monitored by the London Metal Exchange (LME) rose by 1,500 tonnes to reach 180,275 tonnes, their highest level since April 2004. Simultaneously, Comex stocks rose by 489 short tons to 34,071 short tons on Wednesday.

Copper futures for July delivery fell $0.0105 to settle at $6.1760 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.01% at $13,393.00 a ton.
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