MCX Copper futures trade higher on robust Demand

MCX Copper futures trade higher on robust Demand

Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.

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Copper Hovers Near 1-Month High

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.

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MCX Copper sees Huge Surge as Expected, 811 To 830

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.

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