Copper futures climb on strong China PMI data

Copper futures climbed on Monday after the release of the official Chinese PMI for the month of May, with the figure coming in at 50.8 against the expected 50.7 and higher than April’s 50.4, which brought some relief to investors who have become increasingly worried about slowing economic growth in China. Copper futures for July delivery edged up 0.72% at $3.146 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange climbed by 0.6% to $6,884 a metric ton.