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Informist, Wednesday, Nov. 12, 2025

By Ashutosh Pati

MUMBAI – Futures contracts of copper rose on the Multi Commodity Exchange of India and the London Metal Exchange Wednesday, on optimism over an end to the US government shutdown. Market sentiment was also lifted as weak economic data from the US strengthened hopes of a rate cut in December.

The US Senate approved a compromise Monday that would end the longest government shutdown in the US. It next heads to the Republican-controlled House of Representatives, where Speaker Mike Johnson has said he expects to pass it Wednesday and send it to US President Donald Trump to sign into law. "A possible reopening could restore the flow of key economic data and provide clearer direction for traders," Kotak Securities said in a report.

Meanwhile, data released late Tuesday showed US companies shed more than 11,000 jobs a week through late October. Even though an ADP report last week estimated the US overall added 42,000 jobs in October compared to the month earlier, the new estimates show how hiring trends are evolving on a week-to-week basis – in this case pointing to further weakening in a labour market being closely monitored by Federal Reserve policymakers.

"COPPER extended its uptrend but gains were limited by subdued demand from top consumer China, where consumption among end users remained largely flat in September," Kotak said.

At 1913 IST, on the MCX, the November futures contract of:
-–ALUMINIUM was steady at INR 273.60 a kg
–-Copper was at INR 1,013.85 a kg, up 0.6%
–-LEAD was at INR 184.25 a kg, up 0.3%
–-ZINC was at INR 303.55 a kg, down 0.1%

--NICKEL was at INR 1,315.00 a kg, down 0.4%

Trading levels for the day on the MCX:
--Aluminium contract seen at INR 270.40-INR 276.20
--Copper contract seen at INR 998.00-INR 1,022.90
--Lead contract seen at INR 182.90-INR 185.60
--Zinc contract seen at INR 300.10-INR 307.60
--Nickel contract seen at INR 1,284.80-INR 1,332.20

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Ashish Shirke

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