US copper futures gained some ground at the open on Friday, with sentiment buoyed by a government plan to stabilise the housing market and pass a $789 billion economic stimulus plan. US commodity markets will be closed on Monday, February 16, for the US Presidents Day holiday, with business resuming on Tuesday.
Copper for March delivery firmed 3.25 cents, or 2.1 percent, to $1.5670 a lb by 10:38 am EST (1538 GMT) on the New York Mercantile Exchange's COMEX division. Morning range from $1.5445 to $1.5760. COMEX estimated futures volume at 5,492 lots by 9 am.