14-May-2025

COMEX Copper holds around $4.70 per pound

COMEX Copper slipped a little after marking a 2% spurt in last session. Equities are largely supported but the red metal is facing some corrective action today and currently trades down 0.57% at $4.69 per pound. MCX Copper futures are up 0.40% at Rs 863.60 per kg after hitting a high of Rs 865 per kg. In Asia, China's Shanghai Composite index soared 0.86% on the day. Hong Kong's Hang Seng index spiked 2.30% on gains in tech counters. Japan's Nikkei index eased 0.14%. European stocks eased marginally as earnings stayed in focus. Nasdaq jumped 1.6% and the S&P 500 rose 0.7% in last session though Dow shed 0.6%.

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