Copper futures settled higher on Wednesday on weak US dollar after lower-than-expected US inflation numbers fuelled expectations that US interest rates might not have to rise too much further. Moreover, lower supply concerns following fall in the exchange inventories supported red metal prices' uptrend.
Copper futures for May delivery gained $0.0615 to settle at $4.0810 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.7 percent at $8,916.50 a ton.