LME copper prices surged to record highs as strong global demand, tight supply, and renewed fund inflows boosted market sentiment. Analysts expect continued volatility as fundamentals and investment trends align in favor of the red metal.
Copper Outlook
MCX Copper sees Huge Surge as Expected, 811 To 830
Copper Outlook: China’s refined copper output in the first nine months rose 5.4% year-on-year to 10.04 million tons, reflecting stable domestic production. The global refined copper market showed a surplus of 54,000 metric tons in August, down from 73,000 metric tons in July.
Copper MCX Sell on Rise, Downside Target 449—444
Gold Silver Reports – Copper MCX Sell on Rise, Downside Target 449—444 – Technically Copper market is under fresh selling as market has witnessed gain in open interest by 6.85% to settled at 12282 while prices down 2.25 rupees.
Copper in Surplus of 335000 Tonnes as Per WBMS
Gold Silver Reports — Copper was sideways in the evening trades on MCX unchanged by the surplus in world markets.