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Commodity News Details
Copper gains, broad outlook supportive as China industrial output sees first annual rise after falling for three years
28-Jan-2026 18:08
COMEX Copper futures jumped above $5.90 per pound amid supportive equities and a very weak undertone in the US dollar index. Copper currently quotes up around 1% at $5.91 per pound. Broad undertone stays positive for the metal as China's industrial profits rose 0.6% in 2025 from a year earlier, snapping three consecutive years of declines. Meanwhile, in Asia, Shanghai Composite index added 0.27% while Hong Kong's Hang Seng index soared 2.58%. Japanese Nikkei 225 index edged up modestly as strength in Japanese Yen capped gains. European stocks saw lax moves ahead of US Fed monetary policy meeting. The US stocks closed mixed as strength in tech and energy boosted the Nasdaq and S&P 500 to new highs, while a slump in UnitedHealth and weak consumer confidence pressured the Dow.

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