Skip to main content

MoneyWorks4Me

Copper futures end higher on improved demand hopes

07 Dec 2022 Evaluate
Copper futures ended higher on Tuesday due to hopes for improved metals demand as China relaxes Covid-zero policy, which have depressed economic growth. However, a firmer US dollar and uncertainty about the Federal Reserve's monetary policies, capped further gains in copper prices.

Copper futures for March delivery gained $0.0230 to settle at $3.8180 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.36 percent at $8,421.50 a ton.