COMMODITY
Copper futures settle higher on Wednesday
Apr-25-2024

Copper futures settled higher on Wednesday, supported by optimism about demand prospects from energy transition applications such as electric vehicles and new technology such as artificial intelligence and automation. Moreover, supply disruption amid sanctions on Russian metals also helped copper prices to move higher. Meanwhile, investors eyeing to U.S. economic data for further clarity on the Federal Reserve's interest rate path.

Copper futures for May delivery gained $0.0230 to settle at $ 4.4575 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.69 percent at $9773.50 a ton.


  RELATED NEWS >>