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Hot Commodities: Mining worries make Copper explode above $6 per ounce
29-Jan-2026 11:55
COMEX Copper futures soared above $6 per pound today, rising in tune with the overall metals with fresh mining worries boosting the counter. Capstone Copper's Mantoverde copper and gold mine in northern Chile said on Wednesday it presented a new contract offer to workers in a bid to end a strike that began in early January, after talks over new labor contracts broke down. This pushed up the metal sharply today after a near 1% drop in last session. The counter has zoomed to a fresh high above $6.30 per pound and currently trades at $6.32 per pound, up 6.70% on the day. MCX Copper has scaled up 7% to trade at Rs 1415.50 per kg after opening sharply higher.

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