Copper pulls back marginally, equities slip in Europe

COMEX Copper eased marginally but stayed near three-week high as markets eyed falling inventories and supportive Chinese factory output data. China's industrial production increased by 5.3% in June compared to the same month in 2025, according to a report by the National Bureau of Statistics on Wednesday. On a monthly basis, the industrial output grew by 0.8%. In the first half of the year, industrial value added grew by 5.4% year-on-year. The red metal currently quotes at $6.36 per pound, down 0.25% on the day. Major gains are unlikely in the metal amid mixed global equities. In Asia China's Shanghai Composite index eased 0.29%. Hong Kong?s Hang Seng index jumped 1.49%. Japan?s Nikkei average soared 1.40%. However, European stocks fell. German DAX is down 0.76% on the day. The US stocks rose yesterday after US inflation showed a mild reading. Copper soared 1.5% following this.

Powered by Commodity Insights