Copper futures settled higher on Monday with expectations that the US Federal Reserve would keep interest rates unchanged at its December meeting. Copper prices improved further after Chinese Premier announced a projection of China’s import volume reaching $17 trillion in the next five years.
Copper futures for December delivery gained $0.0375 to settle at $3.7190 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.76 percent at $8,238 a ton.