Copper rose on Tuesday, recovering nearly all of the prior day's losses, after a double dose of positive economic data in the United States bolstered investor appetite for risk. In New York, COMEX copper for December delivery rose 2.70 cents to settle at $3.7585 per lb, after dealing between $3.7375 and $3.7840.
"The latest economic data indicates that the current weakness isn't as bad as some had feared but the data is still relatively soft generally," said Ross Strachan, economist at Capital Economics.