Copper futures traded higher on Monday due to demand expectations after the world’s second largest economy and top metal consumer, China reopened its border to international visitors on Sunday for the first time since March 2020. Meanwhile. a weaker US dollar also makes copper cheaper for buyers using other currencies.
Copper futures for March delivery gained 1.29% or $0.0505 at $3.9615 a pound on the Comex metals division of New York Mercantile Exchange.