Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 1.80 cents or 0.6% to $3.0410 per oz. Earlier, the contract touched $3.0565, the highest since December 5.
“We remain positive on copper over the very short term, expecting the recent sell-off to complete sooner rather than later,” Metal Bulletin analyst Boris Mikanikrezai said.
“Our view reflects a positive macro environment, which should continue to elicit investor interest into cyclical assets like copper. That said, we concur that a Chinese reaction to the imminent...
