Copper futures settled higher on Wednesday on firm demand, even as the American currency strengthened against its major peers overseas after the US Federal Reserve delivered a widely expected interest rate cut and signalled a slowdown in the pace of monetary easing next year.
Copper futures for March delivery gained $0.0105 to settle at $4.1570 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.43 percent at $9,028.50 a ton.