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Copper futures end higher on Monday

16 Mar 2021 Evaluate

Copper futures ended higher on Monday due to following reports regarding the stronger than expected economic industrial growth in world’s largest industrial metals consumer China. China's national economy maintained a recovery growth in January and February, output grew 35.1% in January-February from a year ago, faster than the 7.3% gain in December.

Copper futures for May delivery gained $0.0005 to settle at $4.1405 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.65% at $9,144.50 a ton.