25-Mar-2025

COMEX copper up over 1%

COMEX Copper futures came off yesterday's fresh 10-month high but still managed to register a gain of over 1% as metals market continued to express concerns over Trump's tariff policies. The red metal is currently up 1.15% at $5.15 per pound. Besides, continued slide in LME Copper inventories also kept the commodity supported. Inventories dropped by 2825 tonnes to 221775 tonnes, sliding to around nine month low. Moreover, copper recently received a further boost in further stimulus measures announced by China, the world's largest supplier and consumer. On the MCX, the benchmark Copper futures are trading above Rs 900 per kg.

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