Copper futures ended higher on Wednesday due to strong demand from world’s top metal consumer China. Further, weakness in dollar on renewed expectations for a new US stimulus package ahead of the US presidential election too supported copper prices’ uptrend.
Copper futures for December delivery gained $0.0505 at $3.1985 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.34% at $6,991.50 a ton.