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Commodity News Details
Copper swells as break above $6 per pound sustains
29-Jan-2026 17:48
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. The counter has zoomed to a fresh high currently trades at $6.29 per pound, up 6.20% on the day. MCX Copper has jumped 8.57% to trade at Rs 1435 per kg. Meanwhile, in equities, Shanghai Composite index rose 0.16% while Hong Kong's Hang Seng index added 0.51%. Japanese Nikkei 225 index edged up slightly. European stocks are mostly supported. The US stocks ended mixed yesterday after US Fed announced its decision to leave rates unchanged following recent reduction in borrowing costs.

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