Copper futures ended higher on Tuesday due to easing fears about a potential invasion after Russia returned some troops to bases after military exercises near Ukraine, but US President Biden warned that a Russian invasion remains very much a possibility. Although, investors are nervous with expectations of an aggressive interest rate hike by the Federal Reserve to cool persistently higher inflation in the United States.
Copper futures for March delivery gained $0.0240 to settle at $4.5315 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.49 percent at $9,968.50 a ton.