Copper futures traded higher on Monday after a better-than-expected US jobs report boosted expectations of stronger demand for metals and a sustained recovery in the world's biggest economy. The number of nonfarm payrolls in the US increased by 850,000 jobs last month after rising 583,000 in May, while the unemployment rate rose to 5.9% from 5.8% in May.
Copper futures for September delivery gained $0.0295 or 0.69% to $4.3055 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.5 percent at $9,420 a ton.