COMMODITY
Copper futures trade higher on Monday
Aug-17-2026

Copper futures are trading higher on Monday due to signs of tightening global supply. The price spread on the London Metal Exchange widening to unusual levels is a clear sign of rising competition for short-term supply, while Chile’s state-owned miner Codelco reportedly expects copper production to decline this year as it faces setbacks at its mines and development projects. Meanwhile, traders remained cautious about potential US import tariffs on copper, which have continued to divert metal away from international markets and into US warehouses.

Copper futures for September delivery rose $0.1115 or 1.69% at $6.7245 a pound on the Comex metals division of New York Mercantile Exchange.


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