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Copper futures end higher on Tuesday

24 Feb 2021 Evaluate

Copper futures ended higher on Tuesday fuelled by investors’ hopes of a recovery in demand and global growth with focusing on developments around a US stimulus package. Further, tight supplies in the market too added support to copper prices rally.

Copper futures for March delivery gained $0.0375 to settle at $4.1785 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.2% at $9,206.50 a ton.