Copper futures settled higher on Tuesday as the American currency weakened against its major peers overseas after Fed Chair Jerome Powell said that the Fed needs to balance inflation concerns with a weakening job market in its coming interest rate decisions. Copper prices improved further by new supply disruption in Peru due to political protests, which halted operations at Hudbay Minerals' Constancia mine.
Copper futures for December delivery gained $0.012 to settle at $4.6440 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.02 percent at $9,974.50 a ton.