Copper futures ended higher on Friday on supply concerns amid Russia-Ukraine war and subsequent sanctions by various countries. Further, the world's top copper producer Chile recorded its lowest January output since 2011, also boosted up copper prices. Meanwhile, Federal Reserve confirmed that US central bank is ready to raise interest rates this month with a series of hikes to control the inflation, capped further gains in copper prices.
Copper futures for May delivery gained $0.1560 to settle at $4.9375 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 3.12 percent at $10,674.00 a ton.