Copper futures were trading higher on Monday as the US dollar steadied, while investors are awaiting key Chinese inflation and trade data this week. Copper prices improved further after Chile announced the permanent closure of copper mining stopes related to a giant sinkhole in the northern part of the country.
Copper futures for December delivery gained 0.65% or $0.0220 at $3.4085 a pound on the Comex metals division of New York Mercantile Exchange.