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Copper futures end marginally higher on Tuesday

07 Oct 2020 Evaluate

Copper futures ended marginally higher on Tuesday even after US President Donald Trump said he is ending negotiations over Covid-19 relief bill until after election. Further, worries about possible mine disruptions in top copper producer Chile supported copper prices. Though, concerns over surging corona virus cases across the globe and a jump in metal inventories capped some gains.

Copper futures for December delivery gained $0.0005 to settle at $2.9635 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.02% at $6,530 a ton.