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11-May2018

Copper futures end higher on Thursday

Copper futures ended higher on Thursday. London copper prices too rose on falling inventories and strong import numbers from top consumer China. Customs data released this week showed that China imported 442,000 tons of unwrought copper in April, the highest monthly total so far in 2018.

Copper futures for July delivery rose 1.7 percent to settle at $3.11 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 1.6 percent at $6,917 a metric ton.



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