Copper futures climb on supply concerns

Copper futures rose on Monday due to the concerns about a short-term shortfall in supply. Further, expectations that China’s government will introduce fresh stimulus to combat recent signals of a slowdown in the nation’s economy too supported copper prices uptrend. Copper futures for July delivery rose 0.6% to settle at $3.167 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 0.95% to $6,925 a metric ton.