Copper futures were trading higher in early deals on Monday, with supply tightness exacerbated by Friday’s hours-long halt to trading on the Chicago Mercantile Exchange, while mounting confidence in a December Federal Reserve rate cut also supported copper prices’ up-move. Copper prices improved further after top Chinese smelters agreed to a plan to cut output in 2026 and on record-high premium offers by the world's top copper producer Codelco.
Copper futures for December delivery gained $0.0545 or 1.03% at $5.3265 a pound on the Comex metals division of New York Mercantile Exchange.