Copper futures ended higher on Monday due to robust demand from the world’s top consumer of industrial metals after reports of faster than expected factory output in China. Copper prices improved further by progress with corona virus vaccines after US drug-maker Moderna Inc said its experimental Covid -19 vaccine was 94.5% effective.
Copper futures for December delivery gained $0.0440 to settle at $3.2220 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.8% at $7,108 a ton.