Copper futures settled higher on Tuesday ahead to the release of March’s US Consumer Price Index figures and Federal Reserve’s policy meeting minutes on Wednesday for hints on the Fed's policy outlook. Copper is also rose by the prospect of output cuts in top metal consumer China where smelters struggled with shortages of mined raw material supply.
Copper futures for May delivery gained $0.0095 to settle at $4.2855 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.06 percent at $9,417.50 a ton.