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Copper futures end higher on demand expectations from China

22 Dec 2022 Evaluate
Copper futures ended higher on Wednesday with expectations that the world’s top metal consumer China’s easing of Covid-19 restrictions will eventually lift red metal demand. But, massive covid spike in China and a rise in the US dollar capped further gains in copper.

Copper futures for March delivery gained $0.011 to settle at $3.81 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.47 percent at $8,393.50 a ton.