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Copper futures end higher on vaccine optimism

04 Dec 2020 Evaluate

Copper futures ended higher on Thursday, driven by optimism over vaccine developments, along with top US health officials announced plans to begin vaccinating Americans against Covid-19 as early as mid-December. Further, upbeat factory and services data from world’s top metal consumer China too supported copper prices’ uptrend.

Copper futures for March delivery gained $0.0015 to settle at $3.4905 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.02% at $7,674.50 a ton.