Copper futures settled higher on Thursday on renewed optimism over demand and potential supply disruptions, despite a stronger dollar overnight. Moreover, expectations for more stimulus measures in the world’s top metal consumer China boosted copper prices’ uptrend.
Copper futures for March delivery gained $0.1250 to settle at $4.1355 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.87 percent at $9,023 a ton.