Copper futures rise nearly 1% as LME and Comex prices jump about 2%
AI Market Summary
Copper futures strengthened across major venues (LME +~2%, Comex +~2%, MCX +~1%), reflecting improved risk appetite in base metals and expectations of firmer global industrial demand. Continued buying interest is reinforcing the uptrend and may tighten near-term supply-demand perceptions. The move can spill over to broader metals sentiment, supporting cyclicals and commodity-linked positioning in the short run.
Impact level
● Medium
Affected assets
NCCOCOPPER2USD/USDT+0.00%
AI Insight · NCCOCOPPER2USD/USDTAI Insight
▲ Bullish
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Copper futures strengthened on Thursday, with LME copper up 2% to $13,456.22 per tonne. Comex September futures climbed around 2% to $6.22 per pound, while MCX July copper rose nearly 1% to ₹1,279.45 per kilogram. The moves were broadly attributed to expectations of a rebound in global industrial demand and continued cross-market buying.
