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28-Aug2018

Copper futures end higher on Monday

Copper futures ended higher on Monday as the United States and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact. Agreement could ease concerns about an escalation in global trade tensions. Meanwhile, the London Metal Exchange is closed on Monday for a public holiday.

Copper futures for September delivery added 0.3 percent to settle at $2.709 a pound on the Comex metals division of New York Mercantile Exchange.


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