Copper futures ended higher on Thursday amid investors keeping an eye on the outcome of the US presidential election, with Democrat Joe Biden appearing to be on track for winning enough states in the race to the White House. Further, US dollar weakness boosts metal demand as it makes it cheaper for buyers using other currencies.
Copper futures for December delivery gained $0.0030 to settle at $3.11 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.22% at $6,852.50 a ton.