Copper futures climb on better Chinese demand

Copper futures rose on Wednesday as better demand from the world's largest consumer of the metal due to the signals that China's government is willing to step in to prop up economic growth. Besides, a call by China's central bank for the nation's biggest lenders to give priority in mortgage lending to first-time home buyers too supported copper prices uptrend. Copper futures for July delivery rose 0.8% to settle at $3.16 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 1.1% at $6,920 a metric ton.