Copper futures settled higher on Tuesday on weak US dollar after Fed Presidents Mester and Daly expressed their support for three Fed rate cuts this year. Moreover, supply worries and positive manufacturing data from major economies have also raised the demand outlook for the metal.
Copper futures for May delivery gained $0.0220 to settle at $4.0705 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.4 percent at $8,991 a ton.