Copper futures ended higher on Monday on optimism over demand from China after data showed China’s imports of unwrought copper and copper products reached a 13-month high in December, rising nearly 18% year on year to 559,000 metric tons. However, some gains were limited after Friday's robust US jobs report fuelled growing doubts about the US Federal Reserve cutting interest rates this year. Meanwhile investors are awaiting US inflation data, weekly jobless claims and retail sales this week for further insights into the economy and the Fed's policy plans.
Copper futures for March delivery gained $0.0215 to settle at $4.3255 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.03 percent at $9,094.50 a ton.
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