Copper futures settled higher on Tuesday, even as the US dollar recovered from its early losses and posted moderate gains. Meanwhile, optimism about China's reopening and a possible easing of the pace of Fed interest rate hikes supporting copper investors' sentiment.
Copper futures for March delivery gained $0.0070 to settle at $4.2230 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2 percent at $9,287 a ton.