US copper futures ended higher on Tuesday but off session highs as a late bout of risk aversion capped momentum and left prices vulnerable to further losses as sovereign debt issues in Europe continued to grip the broader market. Copper for July delivery rose 9.90 cents, or 3.4 percent, to settle at $3.0310 per lb on the New York Mercantile Exchange's COMEX division. Range from $2.99 to $3.0690.
COMEX estimated copper futures volume at 38,259 lots by 1 pm EDT (1700 GMT). Final volume on Monday hit 51,702 lots. Open interest up 4,695 lots to 135,115 contracts open as of May 17.
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