Comex copper futures ended higher on Friday, while London copper prices too rose after the New York open and as expectations of strong demand in top consumer China were reinforced by data showing firm industrial activity. China’s industrial output, highly correlated with copper prices, rose 6.1 percent in November from the same period last year, surpassing estimates for a rise of 6.0 percent.
Copper futures for March delivery rose 2 percent to settle at 3.135 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 1.4 percent at $6,886 a metric ton.
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