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  • Copper slipped from three month high as the US dollar surged. COMEX Copper is currently trading at $2.71 per pound, down 0.60% on the day. MCX Copper is down 0.21% at Rs 444.75 per kg. Losses were curbed in local markets as the Indian Rupee slipped, extending a slide from one month high. INR closed at 70.26 per US dollar, down 31 paise on the day. INR was hurt after Moody’s Investors Services lowered India’s rating outlook to negative citing growth concerns.

    Chinas copper imports tumbled 3.1% in October from the previous month, customs data showed on Friday. Arrivals of unwrought copper, including anode, refined and semi-finished copper products into China, were 431,000 tonnes last month compared to 445,000 tonnes in September. However, the latest data marked 1.9% gain from October 2018.

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