Copper futures settled higher on Wednesday, supported by speculation that the world’s top metal consumer will roll out more stimulus measures to support a slowing Chinese economic recovery. Moreover, weaker US dollar following easing US inflation data also supported sentiments.
Copper futures for September delivery gained $0.0870 to settle at $3.8530 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.13 percent at $8,499.50 a ton.