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Commodity News Details
Copper in demand as break above $6 per pound extends
11-May-2026 17:30
COMEX Copper futures surged to fresh three-month high above $6.40 per pound amid steady equities. The metal is looking comfortable amid AI boost, clean energy and power-grid demand. The break above $6 per pound is also helping Copper stay afloat. MCX Copper futures raced near Rs 1350 per kg as a record low for Indian Rupee pushed up the counter further. MCX Copper futures are currently up 1.70% at Rs 1347.50 per kg. Meanwhile, in Asia, China's Shanghai Composite index jumped 1% while Hong Kong's Hang Seng index closed flat. Japan's Nikkei average dropped 0.47%. European stocks are witnessing mixed moves. German DAX is lower by 0.11% while UK stocks are up modestly. The US stocks gained on Friday as the tech-heavy Nasdaq led the way higher and reached a new record closing high along with the S&P 500.

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