Copper futures settled higher on Wednesday, boosted by positive industrial production data from the world’s top metal consumer China. Data showed that China's industrial output rose 4.6% in October year-on-year, beating expectations of a 4.4% increase. However, a firm American currency makes copper more expensive for holders of other currencies.
Copper futures for December delivery gained $0.0350 to settle at $3.7185 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.64 percent at $8,167 a ton.