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Copper futures end higher on strong Chinese demand

16 Feb 2021 Evaluate

Copper futures ended higher on Monday amid stronger than expected demand from the world’s top metals consumer China. Further, expectations of $1.9 trillion in fiscal stimulus to shore up the US economy also supported copper prices’ uptrend.

Copper futures for March delivery gained $0.0165 to settle at $3.7880 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.74% at $8,393.50 a ton.