Copper futures traded higher on Monday after the Biden administration's first monthly employment report showed that the US economy added 49,000 jobs last month against December’s downwardly revised loss of 227,000 jobs, while the unemployment rate fell to 6.3%. Moreover, optimism around further stimulus measures from the United States too boosted the sentiments.
Copper futures for March delivery gained $0.0020 at $3.6280 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1% at $7,990 a ton.