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Copper futures end marginally higher on Wednesday

26 Nov 2020 Evaluate

Copper futures ended marginally higher on Wednesday following reduced uncertainty in US politics after Trump administration has authorized the federal government to begin transition procedures with Joe Biden, allowing the president-elect's team to access government resources and information. Further, progress on corona virus vaccine development and firm demand from the world’s top metal consumer china too buoyed investor sentiment.

Copper futures for December delivery gained $0.01 to settle at $3.3095 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.1% at $7,300 a ton.