Copper futures settled higher on Friday with hopes for demand recovery from the world’s top metal consumer China. Copper prices improved further as the US dollar weakened, which making dollar denominated copper less expensive for overseas buyers.
Copper futures for July delivery gained $0.0475 to settle at $4.3065 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.13 percent at $9,459 a ton.