US copper futures bounced higher in choppy trade early on Wednesday, with a firmer euro versus the dollar and upbeat industrial output data in Europe offering support, but gains were limited as eurozone debt and Chinese growth concerns lingered.Copper for July delivery up 1.20 cents at $3.2185 per lb by 10:16 am EDT (1416 GMT) on the New York Mercantile Exchange's COMEX division.
Range $3.1350 to $3.2440. COMEX estimated volume at 17,701 lots by 10 am. Copper up with gains in euro versus dollar after Spain announced spending cuts to reign in its budget deficit. Copper momentum capped by market speculation that China, the world's top copper consumer, will take more steps to cool economy from overheating.
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