Copper futures traded higher on Monday as US dollar was held steady against its rivals ahead of the Federal Reserve policy meeting this week. Although, concerns over supply disruption eased after Workers at BHP Group's BHP.AX Spence copper mine in world’s top producer Chile said they had reached a new contract deal with the company and avoiding a strike.
Copper futures for July delivery rose $0.0670 at $4.5520 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was almost flat at $10,007 a ton.