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Commodity News Details
Copper in demand despite mixed equities
11-Apr-2025 17:29
COMEX Copper futures saw excellent gains, consolidating around one week high despite mixed equities and broad worries over global trade outlook. Sustained drop in LME Copper inventories and a massive drop in the US dollar index, which fell to three-year low near 99 mark boosted Copper as well as precious metals. COMEX Copper futures are currently trading up 2.66% at $4.45 per pound. MCX Copper is also higher by 1.05% at Rs 835.90 per kg with gains being capped by a firm movement in Indian Rupee against the US dollar. Meanwhile, in equities, China's Shanghai Composite index added 0.45%, witnessing some stability after recent slide. Hong Kong's Hang Seng index rose 1.10%. Japan's Nikkei index fell 3%, adding to latest tumble. European stocks mostly slipped. German DAX led the losses with a slide of 1.50%. US stocks fell sharply last night as tariff tensions resurfaced.

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