Copper futures end higher on hopes for trade deal

Copper futures ended higher on Tuesday on hopes for a breakthrough on trade in talks between the United States and China, the world’s two largest economies, prompted bearish investors to buy back their positions. 

Copper prices were also supported after major copper producer Antofagasta trimmed its output forecast for Chile due to ongoing national unrest in the country.

Copper futures for December delivery added 1.1 percent to settle at $2.7005 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 1.1 percent at $5,940 a ton.

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