Copper futures settled up on Wednesday, boosted by expectations of higher demand as the world’s largest economies showed signs of recovery from the corona-virus impact. Copper prices improved further as dollar weakened slightly after the US private payroll data for April missed market expectations.
Copper futures for July delivery gained $0.0025 to settle at $4.5240 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down 0.17% at $9,949.50 a ton.