Copper futures settled higher on Friday as more rumours circulated about China loosening its strict covid-19 measures in March, while lingering concerns over tight supplies also boosted red metal prices.
Copper futures for December delivery gained $0.2595 to settle at $3.6865 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 7.12 percent at $8,099 a ton.