Skip to main content

MoneyWorks4Me

Copper futures settle higher with US recovery optimism

09 Jun 2021 Evaluate

Copper futures ended higher on Tuesday with optimism about US economic recovery and after the US Labour Department reported that job openings hit 9.3 million in April, a record high and more than 1 million above expectations.

Copper futures for July delivery gained $0.0295 to settle at $4.5560 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.64 percent at $9,964 a ton.