Copper futures ended higher on Friday due to lingering concerns about supply after no signs of positive developments and material progress between Russia and Ukraine. While, the LME’s copper committee decided to ban the new Russian metal supplies from the bourse. Further, expectations of further policy support from China, the world’s biggest buyer of metals, too supported copper prices’ uptrend.
Copper futures for May delivery gained $0.0375 to settle at $4.7395 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.86 percent at $10,331.00 a ton.