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.