Copper futures traded higher on Monday following pick-up in demand from the world’s top metal consumer China. Copper prices improved further on mounting concerns about supply disruptions in Chile after a union representing workers at BHP’s Escondida and Spence mines rejected the company’s contract offer with threats of a strike loomed.
Copper futures for July delivery gained $0.0270 at $4.6815 a pound on the Comex metals division of New York Mercantile Exchange.