Copper futures finished higher on Wednesday with weaker dollar against its major rivals that makes dollar-denominated metals more attractive to holders of other currencies. Copper prices improved further as miners BHP Group and Antofagasta reported lower quarterly output for copper. However, concerns over subdued demand following resurgence of corona-virus cases in some major economies like India and Japan, capped some red metal gains.
Copper futures for May delivery gained $0.0660 to settle at $4.2790 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.32% at $9,445 a ton.