Copper futures ended higher on Wednesday as strong economic data from world's top metal consumer China improved investor sentiment. Data showed China’s factory activity extended solid growth in September, underlined a steady economic recovery from the corona virus pandemic, while China’s services sector grew at a faster pace in September. Further, hopes for fresh US stimulus measures with better than expected US jobs data, too supported copper prices uptrend.
Copper futures for December delivery gained $0.0425 to settle at $3.0325 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.41% at $6,672.00 a ton.