Copper in demand amid supportive equities

COMEX Copper futures saw decent gains today as firm risk appetite supported the metal. The metal trades up 0.54% at $5.96 per pound. Worries over mining output also stayed in place as the International Copper Study Group (ICSG) noted that world copper mine production increased by about 1% in 2025. COMEX Copper is up around 2% this week. MCX Copper edged up after testing lows around Rs 1200 per kg and currently trades at Rs 1208.35 per kg, up 0.77% on the day. Meanwhile, in Asia, China's Shanghai Composite index added 0.72% as sentiments stayed largely supportive. Hong Kong?s Hang Seng index rose 0.66% while Japan?s Nikkei average soared 2.20% to hit fresh record. European stocks saw tiny gains too. The US stocks gained in last session, with the tech-heavy Nasdaq leading the charge. The Dow added 1% while Nasdaq gained 1% and the S&P 500 edged up 0.80%.

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