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Copper futures end higher on stimulus hopes

07 Jan 2021 Evaluate

Copper futures ended higher on Wednesday with expectations that Democrat win in the US Senate election in Georgia would lead to more fiscal stimulus for boosting economy. However, US dollar firmed after sinking to its lowest level in nearly three years, making copper less attractive to non-US investors.

Copper futures for March delivery gained $0.0110 to settle at $3.6505 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.44% at $8,037.50 a ton.