Copper futures traded higher on Monday due to supply concerns on expectations of more sanctions on Russia, one of the largest producers of the metal. Though, some gains were capped on expectations that the US Fed will raise interest rates by a half percentage-point in May to curb the hottest inflation in four decades. London Metal Exchange is closed for Easter holiday.
Copper futures for May delivery fell $0.0395 or 0.84% at $4.7630 a pound on the Comex metals division of New York Mercantile Exchange.