Copper futures settled higher on Thursday, boosted by demand optimism following stimulus measures in the world’s top metals consumer China. However, strong US dollar makes dollar-denominated copper more expensive for foreign buyers.
Copper futures for December delivery gained $0.0040 to settle at $3.4710 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down 0.13 percent at $7,680 a ton.