Copper futures settled higher on Thursday as signs of recovering demand from China against dwindling inventories helped copper to trade higher. Meanwhile, receding fears of global banking crisis and weakness in US dollar also supporting copper prices’ uptrend.
Copper futures for May delivery gained $0.0050 to settle at $4.0915 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.02 percent at $9,001 a ton.