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Copper futures settle higher on Friday

25 Nov 2023 Evaluate
Copper futures settled higher on Friday, supported by China's renewed support for the struggling property sector. Moreover, growing concerns over supply disruptions in Panama and Peru also supported copper prices. A weaker American currency also made copper more attractive for buyers using yuan and other currencies.

Copper futures for December delivery gained $0.0260 to settle at $3.7890 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.23 percent at $8,428.50 a ton.