Copper futures extended gains on Friday following growing optimism of corona virus vaccines. US Pharmaceutical giant Pfizer Inc applied to US health regulators on Friday for emergency use authorization of its Covid-19 vaccine, the first such application in a major step toward providing protection against the new corona virus. Further, possible resumption of US stimulus talks for corona virus relief too supported copper prices’ uptrend.
Copper futures for December delivery gained $0.0890 to settle at $3.2910 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 2.6% at $7,277.50 a ton.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: