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Copper futures settle higher on Tuesday

31 Jan 2024 Evaluate
Copper futures settled higher on Tuesday with expectations of more stimulus measures by top consumer China to shore up a fragile economic recovery amid a housing crisis. Moreover, worries over supply disruptions in mines also lifted copper prices. Although, investors are cautiously awaiting the conclusion of the US Federal Reserve's policy meeting.

Copper futures for March delivery gained $0.0320 to settle at $3.9110 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.67 percent at $8,615 a ton.