Copper futures settled higher on Thursday after the US President Donald Trump granted a temporary exemption to automakers from tariffs. Copper prices improved further by a weaker dollar overseas and in hopes for more fiscal stimulus in the world’s top metal consumer China.
Copper futures for March delivery gained $0.0135 to settle at $4.8075 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.55 percent at $9,734 a ton.