Copper futures were trading higher on Monday, supported by growing expectations of stronger demand as top buyer China intends to introduce a policy package aimed at boosting domestic consumer demand. China's cabinet, chaired by Premier Li Qiang, held a meeting on Friday about implementing a package of policies that will boost domestic demand by leveraging coordinated fiscal and financial measures. Additionally, decrease in output at Chilean state-run miner Codelco in November and a softer American currency against its major peers overseas have also supported red metal prices.
Copper futures for March delivery rose $0.0980 or 1.66% at $6.0005 a pound on the Comex metals division of New York Mercantile Exchange.
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