US copper futures jumped to a fresh 5-month high early Thursday as a firmer open on Wall Street and bullish inventory data showing a steep drop in supply boosted values ahead of the long holiday weekend. New York energy and commodity markets will be closed on Good Friday. The markets will reopen as usual on Monday, April 13.
Copper for May delivery rallied 5.75 cents, or nearly 2.9 percent, to $2.0560 a lb by 10:29 am EDT (1429 GMT) on the New York Mercantile Exchanges COMEX division. Morning range from $1.9855 to $2.0670 which bested the prior benchmark high set October 29.
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