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Copper futures end higher on hopes of Chinese demand

03 Dec 2020 Evaluate

Copper futures ended higher on Wednesday, buoyed by expectations of strong demand from world’s top consumer China. Further, optimism over US stimulus deal and positive developments in Covid-19 vaccines too supported industrial metal prices.

Copper futures for March delivery gained $0.0040 to settle at $3.4890 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.28% at $7,673.00 a ton.