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Commodity News Details
Copper Spikes To 22 Month High
26-Apr-2024 17:21
COMEX Copper futures zoomed up well above $4.50 per pound to near 22 month high amid largely steady equities. Markets eyed M&A activity in the mining sector, as Australian giant BHP Group's takeover proposal for Anglo American. Equities also rose in Europe and Asia. China?s Shanghai Composite index surged 1.18%. Hong Kong?s Hang Seng index spiked 2%. Japan?s Nikkei 225 index soared 0.81% after deep losses in last session. European stocks edged up with German DAX adding 0.78%. COMEX Copper futures are currently quoting at $4.57 per pound, up 1.30% on the day.

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