Copper futures settled higher on Tuesday as reopening of the world’s top consumer China’s borders after three years of covid restrictions fueled demand hopes. Meanwhile traders are awaiting inflation data from the United States due this week for clues on the US Federal Reserve's interest rate hike path.
Copper futures for March delivery gained $0.0510 to settle at $4.0775 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.59 percent at $8,912 a ton.