Copper futures ended higher on Thursday, by increased risk appetite after the U.S. Federal Reserve’s upbeat view on Economic recovery. While, rising supply concerns after Chinese miner MMG announced they will shut the copper production from its Las Bambas mine in Peru on December 18 after it failed to reach an agreement with the Peruvian to end a 27-day road blockade, too supported copper prices’ uptrend.
Copper futures for March delivery gained $0.1220 to settle at $4.3045 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 3.35 percent at $9,507.50 a ton.