Skip to main content

MoneyWorks4Me

Copper futures end higher on strong Chinese data

09 Nov 2021 Evaluate

Copper futures ended higher on Monday the export data from the world’s top metal consumer China outperformed market estimates. Copper prices strengthened further by continuous dip in US dollar after the US central bank (Fed), as widely expected, announced that it would begin to start tapering its asset purchases this month.

Copper futures for December delivery gained $0.0560 to settle at $4.3990 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.26 percent at $9,637.50 a ton.