Copper futures settled higher on Monday ahead of key US inflation data that could offer cues on the US Federal Reserve’s monetary policy trajectory. Top consumer China is also scheduled to release its loan data this week, a key indicator of future demand for metals. Moreover, lower inventories and tight supplies also helped copper prices to trade higher.
Copper futures for May delivery rose $0.0370 to settle at $3.9285 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.86 percent at $8,653 a ton.