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Copper futures end higher on improved risk appetite

25 Sep 2021 Evaluate

Copper futures ended higher on Friday even as worries over fallout from debt-laden China Evergrande persisted. Further, improved risk appetite following recent injection of short-term funds into the financial system by China’s central bank PBoC boosted copper prices significantly.

Copper futures for December delivery gained $0.0545 to settle at $4.2855 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.64 percent at $9,332.50 a ton.