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Copper futures end higher on Friday

19 Dec 2020 Evaluate

Copper futures ended higher on Friday, driven by optimism about global economic recovery after positive news about Covid-19 vaccines, although investors remain focused on the $900 billion corona virus relief package still being debated in congress. Further, dwindling inventories also supported copper prices.

Copper futures for March delivery gained $0.0310 to settle at $3.6325 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.82% at $7,985 a ton.