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Commodity News Details
Copper swells amid upbeat equities
29-Oct-2025 17:42
Copper stayed stable around three-month high amid upbeat cues from equities and supply worries as Global mining major Glencore stated that its sourced copper production of 583,500 tonnes was 121,700 tonnes in first three quarters of 2025, marking a drop of 17% compared to first three quarters of 2024, primarily due to lower head grades. COMEX Copper is up 0.71% to trade at $5.20 per pound, adding to a good bounce in last session after it fell under $5.10 per pound. The US stocks scaled up new record highs on Tuesday as investors focused on earnings and looked to the Federal Reserve meeting to confirm interest rate cuts and a further decline in borrowing costs. In Asia today, China's Shanghai Composite index added 0.70% to hit decade high yet again. Japan's Nikkei 225 index spiked 2.17% to break above 51000 mark for the first time.

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