Copper futures climb on hopes of better demand

Copper futures rose on Monday on the expectations for better demand after the world’s top metal consumer China outlined a blueprint for capital market reform. Further, growing concerns about dwindling global exchange inventories too supported copper prices uptrend. Copper futures for May delivery rose 2.1% to settle at$3.1665 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 2% at $6,879 a metric ton.