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Copper futures end higher on vaccine optimism

20 Nov 2020 Evaluate

Copper futures ended higher on Thursday due to optimism around a potential corona virus vaccine after US Pharmaceutical giant Pfizer said the Covid-19 vaccine developed in partnership with BioNTech was found to be 95% effective in the final analysis of the phase 3 trial. Although, some gains were capped by concerns over the pandemic situation in Europe and the United States, that is still severe.

Copper futures for December delivery gained $0.0040 to settle at $3.2020 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.06% at $7,093 a ton.