Copper futures ended higher on Tuesday, supported by rumours that China may potentially relax its strict zero-covid policy by March 2023. Copper prices improved further with expectations that the US Federal Reserve could slow down the pace of interest rate hikes in December.
Copper futures for December delivery gained $0.0975 to settle at $3.4725 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 2.71 percent at $7,652 a ton.