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Copper zooms as US equities hit record
01-Jun-2026 17:36
Copper zoomed higher today, hitting around two-week high amid largely steady economic cues. The RatingDog China General Manufacturing Purchasing Managers' Index (PMI) came in at 51.8 in May, posting above the neutral 50 threshold for the sixth consecutive month, according to Monday's report by S&P Global. The eurozone's manufacturing sector expanded again in May, but momentum weakened as demand stagnated. The S&P Global Eurozone Manufacturing PMI fell from April's near four year high of 52.2 to 51.6, but still marked among the strongest readings since mid 2022. This boosted Copper while record high US equities kept sentiments generally positive for the red metal. COMEX Copper futures are trading at $6.57 per pound, up 2.80% on the day. MCX Copper futures are up 1.36% at Rs 1366.85 per kg after hitting a high of Rs 1368.60 per kg.

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