Copper settled higher by 0.88% at Rs 1,405.35, buoyed by enhancing sentiment surrounding artificial intelligence stocks and robust demand from China, although a stronger currency limited the extent of gains. China’s Yangshan copper import premium has reached a significant level, climbing to almost a 13-year high of $188 per tonne. This surge underscores robust demand Read More
Copper settled 0.43% higher at Rs. 1,398.65, buoyed by increasing US inventories and an optimistic price outlook from Goldman Sachs, which elevated its end-2026 copper price forecast to $14,700 per tonne and its 2027 average forecast to $15,400 per tonne. The bank anticipates that the copper market will experience deficits of 950,000 tonnes outside the Read More
Copper settled 0.99% lower at Rs 1,405.25, influenced by weak economic data from China, rising oil prices, and a stronger US dollar, which collectively dampened demand prospects. China’s industrial profit growth experienced a further deceleration in August, as advancements in technology manufacturing associated with the AI boom were counterbalanced by ongoing weak domestic demand. Increased Read More
Copper settled 1.87% higher at Rs 1,412.60 as the market maintained its attention on tightening supply outside the United States and robust metal flows into U.S. warehouses. COMEX copper inventories reached an unprecedented level of 766,795 short tonnes, which translates to 695,624 metric tonnes, underscoring a notable increase in stockpiles within the United States. In Read More
Copper prices concluded the trading session with a decline of 0.47%, settling at Rs 1,391. This downturn was primarily driven by a stronger dollar and a prevailing weaker macroeconomic sentiment, which overshadowed the renewed apprehensions regarding tightening availability on the LME. Uncertainty regarding potential US tariffs on refined copper imports has prompted notable stock fluctuations Read More
Copper prices concluded the trading session with a 0.16% increase, reaching Rs 1,379.15. This uptick was bolstered by expectations of tightening global supply and apprehensions regarding limited mine output. Potential U.S. import tariffs persisted in redirecting copper toward American warehouses, while the Democratic Republic of Congo’s copper concentrate export ban contributed to supply concerns. LME Read More
Copper prices fell by 0.47%, closing at Rs 1,302.35, influenced by widespread selling in industrial metals amid rising tensions between the United States and Iran, which dampened investor appetite for risk assets. Market sentiment experienced pressure from disappointing economic data out of China, although supply disruptions in Chile mitigated the extent of the decline. China’s Read More
Copper prices experienced a decline, closing down 1.33% at Rs 1,228, as increasing supply pressures negatively impacted market sentiment. The decline was primarily influenced by events in China, the globe’s foremost consumer, where refined copper production is anticipated to increase by approximately 5% this year following a significant 10% rise the previous year. In a Read More
