| 27 Dec 2025 15:36 | | Weekly Copper Review: COMEX futures approach $6 per pound | | | COMEX Copper futures continued to surge. Firm equities and weak US dollar are pushing the metal up in thin year end trades. COMEX Copper futures zoomed to fresh five-month high near $5.90 per pound. Copper has rallied by more than 40% this year, poised for the biggest annual gain since 2009, driven higher by rising tech demand, supply constraints, and tariff uncertainty. The general undertone remains supportive for global economy and generous demand for electric vehicles. Electric Vehicles (EV) sales in 2025 are expected to exceed 20 million worldwide to represent more than one-quarter of cars sold worldwide, according to IEA. Electric car sales exceeded 17 million globally in 2024, reaching a sales share of more than 20%. Copper has managed to deal with the recent wave of slightly tepid Chinese economic data forcefully due to the surge in demand from EV segment. The International Copper Study Group (ICSG) preliminary data indicates that world copper mine production increased by about 1.9% over the first ten months of 2025. Refined Copper market trends were firmly bullish for the prices. The world refined copper production grew by about 4.4% during the first ten months of 2025 while apparent refined copper usage rose by about 5.5% over the first ten months of 2025. Upbeat global cues have also triggered a massive spike in MCX Copper futures and the counter has zoomed near Rs 1280 per kg. | | Powered by Capital Market - Live News |
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