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05-Jan2019

Copper futures end higher on Friday

Copper futures ended higher on Friday after China cut bank reserve requirements and announced new trade talks with the United States. The moves sparked optimism that the world's top commodities consumer can prevent a rapid economic deceleration, lifting other industrial metals and Chinese, European and US stock markets.

Copper futures for March delivery gained 3.1 percent to settle at $2.648 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 3.2 percent at $5,918 a tonne.   


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