Copper futures ended higher on Monday on supply concerns followed by the Russia-Ukraine conflict and after MMG announced that its Las Bambas copper mine in Peru will suspend operations from April 20 after residents of a community entered the property as part of a protest. Further, expectations of further policy support from China, the world’s biggest buyer of metals, too supported copper prices’ uptrend. London Metal Exchange was closed for Easter holiday.
Copper futures for May delivery gained $0.0785 to settle at $4.8020 a pound on the Comex metals division of New York Mercantile Exchange.