Copper futures settled higher on Tuesday even as markets cautiously awaiting the crucial Federal Reserve's monetary policy decision later in the day. Meanwhile, the fast reopening in the world’s second largest economy is expected to boost copper demand globally.
Copper futures for March delivery gained $0.024 to settle at $4.226 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.14 percent at $9,222.50 a ton.