Copper futures ended higher on Wednesday after tonnage was less than expected when the world’s top metal consumer China announced a second sale of state reserves. Though, some gains were capped by strengthening US dollar as worries about covid-19 cases across the world mounted.
Copper futures for September delivery gained $0.0090 to settle at $4.2720 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.12 percent at $9,347 a ton.