LME Copper prices traded higher by 2.1 percent yesterday to $4735/tonne as factory activity, which is the core demand driver for metals, gained momentum in the world’s biggest consumers. US manufacturing gauge climbed to 53.2, the highest since 2015 whereas Euro Zone’s Markit's composite PMI rose to a 10-month high of 53.7.CME Group data showed investors assign a 74% likelihood of a rate increase in December, up from about 60% at the start of October.MCX copper prices traded higher by 1.9 percent to close at Rs.317.3 per kg on Tuesday.
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