Copper futures finished higher on Wednesday, despite worries over weaker demand from the world’s top consumer china. Demand from china dips as business activities slow ahead of Lunar New Year holiday. While, easing worries over tight liquidity conditions in China supported the red metal prices.
Copper futures for March delivery rose $0.0410 to settle at $3.5655 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.84% at $7,842.50 a ton.