Copper futures ended higher on Tuesday, as weak US dollar makes dollar-priced metals cheaper for holders of other currencies and fears over tight supply as demand for the industrial metal was expect to uplift from World’s top metal consumer China's easy monetary policy, also supported the copper prices. However, some gains were capped by concerns over the impact of the Spreading of Omicron variant of corona-virus raised fears of further curbs in Europe and the United States.
Copper futures for March delivery gained $0.0525 to settle at $4.3460 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.93 percent at $9,534.00 a ton.