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Commodity News Details
Copper breaks above $5 per pound
19-Mar-2025 18:02
COMEX Copper futures soared today, breaking above $5 per pound and hitting fresh ten month highs as Chinese demand hopes continued to boost the metal. The counter currently trades up 0.68% at $5.05 per pound. Meanwhile, equities were choppy today. China's Shanghai Composite index eased 0.10% while Hong Kong's Hang Seng added 0.12%. Japanese Nikkei index fell 0.25% after a sharp spike yesterday. European stocks are witnessing mixed action amid lack of major economic cues. The US stocks declined on Tuesday, as a two-day rebound from six-month lows largely dissipated. Dow Jones Industrial Average declined 0.62%, while the S&P 500 index dropped 1.07%, and the NASDAQ Composite index fell 1.71%.

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