Copper futures ended higher on Monday, supported by weakness in US dollar and optimism around the lifting of Covid-19 restrictions in the world’s top metal consumer China. However, fears of a global recession capped some gains in red metal prices.
Copper futures for July delivery gained $0.0220 to settle at $3.7625 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.44 percent at $8,417.50 a ton.