Three-month copper settled at $7,568/70 per tonne, up $90 on its opening price.
It had traded to a high of $7,581 per tonne before 13.00 GMT.
Stocks of copper rose 500 tonnes overnight in LME-listed warehouses, to 370,900 tonnes.
“Pending home sales [in the USA] grew by 7.3% month-on-month in November. The dollar also eased off [on Thursday], adding to the upward momentum of commodities,” analysts at Standard Bank said in a morning note.
Aluminium has shown itself to be the...