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Copper futures trade higher on upbeat Chinese manufacturing growth data

30 Nov 2020 Evaluate

Copper futures traded higher on Monday, buoyed by upbeat manufacturing growth data from the world’s top metal consumer China. Data showed that China’s official manufacturing Purchasing Managers Index (PMI) gained to 52.1 in November from 51.4 in October, the highest PMI reading since September 2017.

Copper futures for March delivery gained $0.0615 at $3.4790 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.5% at $7,608 a ton.

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