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The Economic Times

Hindustan Copper climbs more than 4% as LME copper hits record $14,533 a tonne

AI Market Summary
Copper prices hit record highs on supply-tightness concerns and a weaker US dollar, lifting LME benchmark copper to $14,533/tonne and pushing Indian MCX futures near all-time highs. Flows tied to CTA/programmatic buying and US stockpiling ahead of potential tariff changes are amplifying the move. The backdrop tightens near-term physical availability and raises volatility across industrial metals and copper-linked equities.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT+1.06%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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Copper prices hit a record high on supply concerns and a softer U.S. dollar, with the benchmark LME contract touching $14,533 per tonne, above the prior peak of $14,527.50. Against that backdrop, Hindustan Copper shares rose more than 4% on Tuesday, taking the stock’s gains over the past year to more than 115%. In India, MCX copper futures also neared lifetime highs.
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