US copper futures bounced early Friday, as traders booked profits from a most recent sell-off, but the rebound looked fragile and expectations were for prices to break below $2.00 a lb sooner rather than later, traders said.
Copper for December delivery was trading up 6.05 cents, or 2.9 percent, at $2.1460 a lb by 10:50 am EDT (1450 GMT) on the New York Mercantile Exchange's COMEX division. The morning range spanned $2.0420 to $2.2345. COMEX estimated futures volume at 6,531 lots by 10 am.