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04-Apr2018

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday, while London copper prices too raised as investors bought on expectations the escalating trade dispute between China and the United States would not undermine flows of metal. China on Sunday announced tariffs on $3 billion in imports of US food and other goods in response to US tariffs on imports of aluminium and steel. The United States is this week expected to announce tariffs on $50 billion to $60 billion of Chinese imports following an investigation under Section 301 of the 1974 US Trade Act.

Copper futures for May delivery rose 0.4 percent to settle at $3.0635 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 1.2 percent to $6,796 a metric ton.


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