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Copper futures end higher on low inventories

30 Nov 2021 Evaluate

Copper futures ended higher on Monday due to low inventories of the industrial metal and sustained demand from the world’s top consumer China, although fears about further damage to global economic growth from the Omicron corona-virus variant capped further gains in copper prices.

Copper futures for December delivery gained $0.0535 to settle at $4.3370 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.24 percent at $9,577.50 a ton.