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Copper futures trade up on higher demand hopes

10 May 2021 Evaluate

Copper futures traded up on Monday, boosted by expectations of higher demand on the back of good prospects over strong economic rebound from the corona-virus impact. Moreover, poor supply also supported the red metal prices.

Copper futures for July delivery gained $0.0770 at $4.7485 a pound on the Comex metals division of New York Mercantile Exchange.