Copper futures ended higher on Friday after signs that US lawmakers moved closer toward compromise on a $908 billion corona virus relief plan, which would boost the US economy. Further, weakening US dollar and roll-out of Covid-19 vaccines also boosted investors’ sentiment. Moreover, upbeat economic readings from the world’s top metal consumer China also kept the sentiment positive.
Copper futures for March delivery gained $0.0340 to settle at $3.5245 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.12% at $7,760.50 a ton.