Copper futures ended higher on Thursday amid worries over tight supplies globally following the Ukraine crisis. Further, expectations for more stimulus measures by the world’s top metals consumer China to cushion an economic slowdown, also supporting copper prices’ uptrend. However, some gains were capped by strengthening dollar on worries about the potential for aggressive monetary policy tightening by the US Federal Reserve. Meanwhile, markets in London and New York were closed on Friday for Good Friday.
Copper futures for May delivery gained $0.0115 to settle at $4.7235 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.16 percent at $10,315 a ton.