Discover the best MCX Copper trading strategy for today! Learn why ₹888 is a critical hurdle and how to target ₹892, ₹897, and ₹902 with a buy-on-dips approach. Simple, actionable insights for traders.
COPPER Price Forecast
MCX Copper Tips For Today with Target Price [14 May 2025]
MCX Copper Tips For Today: Copper prices breaking above $849 signal a bullish breakout, driven by strong market dynamics. This move suggests robust demand, likely fueled by global industrial growth, particularly in sectors like construction, electronics, and renewable energy, where copper is a key component. Supply constraints, such as disruptions in major copper-producing regions like Chile or Peru, or reduced output from mines due to labor or environmental issues, could further tighten the market, pushing prices higher. Additionally, macroeconomic factors, including a weaker U.S. dollar or increased infrastructure spending in major economies like China, may amplify this upward momentum.
Copper Hovers Near 1-Month High
Copper futures eased to around $4.20 per pound on Tuesday but remained near a one-month high reached in the previous session, following the announcement of additional economic stimulus measures by Chinese policymakers.
Copper is down by 2.02%
Copper Price Outlook: Copper decreased 2.02% to 4.092 USD/Lbs. Zambia’s copper output fell 2% in 1H this year as Africa’s second-largest producer of the industrial metal grapples with drought-induced electricity crisis at its hydropower plants, says Oxford Economics Africa. Its refined copper exports also declined 2% to 378,400 metric tons in 1H but earnings climbed to $1.9 billion in 2Q from a $1.5 billion in 1Q driven by robust global copper prices, it notes.
Copper on track for another weekly gain
Copper prices in London were on track for a second consecutive weekly gain on Friday, helped by efforts to support the property market in top metals consumer China, a weaker dollar and improved risk appetite in financial markets.
Copper rises as firm yuan supports Chinese demand
Copper prices rose in London on Thursday as the U.S. currency DXY weakened, supporting demand for the dollar-priced metal from buyers using Chinese yuan and other currencies.
Base Metal Update Today, 14 August 2023: मजबूत डॉलर के कारण बेस मेटल्स में गिरावट
Base Metal Update Today, 14 August 2023: कभी चीन की अर्थव्यवस्था का स्तंभ और धातुओं का प्रमुख उपभोक्ता माने जाने वाले संपत्ति क्षेत्र और मजबूत डॉलर पर बढ़ती चिंताओं के कारण अधिकांश आधार धातुओं की कीमतों में सोमवार को गिरावट आई।