Copper futures ended higher on Tuesday due to growing tensions over Russia-Ukraine conflicts and a set of Western sanctions against Russia raised fears of an interruption in exports. Meanwhile, according to the National Bureau of Statistics (NBS) data showed manufacturing activity in the world’s biggest metals consumer, China growing at a faster pace in February and rose to 50.2, from 50.1 in January, also supported copper prices’ uptrend.
Copper futures for May delivery gained $0.1420 at $ 4.5965 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.80% percent at $ 10,061.50 a ton.