Copper fell in London on Tuesday, catching up after a long holiday to steep losses in Asian and US markets, but COMEX copper ended slightly higher as investors sought bargains at the lows. In New York, COMEX prices edged higher after the sharp declines on Monday. COMEX benchmark May copper finished 1.60 cents higher at $4.3190 per lb. Many players have been rolling into the July contract, with expiration for May just a month away.
July futures also settled 1.60 cents higher at $4.3395.