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MCX Copper well supported around Rs 1380 per kg
(12-May-2026, 17:35 Hours IST)
COMEX Copper futures surged over a fresh three-month high near $6.50 per pound amid steady equities. The metal is looking comfortable amid AI boost and clean energy demand though tepid equities are capping upside. COMEX Copper is currently up 0.37% at $6.48 per pound. MCX Copper futures for May are trading at Rs 1377.85 per kg, up 0.64% on the day as the Indian Rupee tested a fresh record low against US dollar. Meanwhile, in Asia, China's Shanghai Composite index fell 0.25% while Hong Kong's Hang Seng index closed down 0.22%. Japan's Nikkei average added half a percent after rising by a similar magnitude in last session. European stocks eased. German DAX lost around 1%. The US stocks rose steadily on Monday. The Dow rose 0.2%.

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