Copper futures settled higher on Monday as the American currency weakened overseas ahead of a possible US government shutdown that would halt economic data releases including the crucial jobs report later this week. Moreover, concerns over global supply after an accident at the Grasberg mine in Indonesia, the world's second-largest copper mine, also supported copper prices’ up-move.
Copper futures for December delivery gained $0.1205 to settle at $4.8920 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.28 percent at $10,414 a ton.