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Commodity News Details
MCX Copper drifts near Rs 900 per kg
27-Mar-2025 17:47
COMEX Copper futures eased a bit today after hitting record high in last session as market remained cautious following the latest policy missive from the US President Donald Trump. Trump announced plans to impose 25% tariffs on cars from overseas, thereby triggering a wave of concern on world auto trade and how it will impact the global economic scenario. The red metal currently trades at $5.23 per pound, down 0.22% on the day. Equities were mixed today. China's Shanghai Composite index gained 0.15% while Hong Kong's Hang Seng index rose 0.4%. Japanese Nikkei index fell 0.60%. European stocks fell. German DAX is down 0.58% while French CAC has shed 0.38%. The US stocks fell sharply yesterday with the Nasdaq losing 2%. The S&P 500 1.1% and the Dow fell 0.3%. Copper has rallied around 15% this month. On the MCX, benchmark Copper futures for April fell near Rs 900 per kg and currently trade at Rs 903.85 per kg, down 0.68% on the day.

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