The Bank of England also kept interest rates on hold on Thursday, defying expectations of a rate rise.
Despite the Fed’s move, copper for delivery in December fell 0.5% on the Comex market in New York, touching $4.3005 per pound ($9,461 per tonne).
[Click here for an interactive chart of copper prices]
Global exchange stocks, comprising those in LME, CME and Shanghai Futures Exchange warehouses, have fallen for the last two months.
They stood at a cumulative 232,550 tonnes at the end of October, down 30,000 tonnes since the start of 2021 and down almost 150,000 tonnes from October 2020.
Shanghai stocks currently total less than 50,000 tonnes.
(With files from Reuters and Bloomberg)
