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Informist, Thursday, Nov. 13, 2025

 

By Reshma Ravi

 

MUMBAI – Futures contracts of copper on the Multi Commodity Exchange of India rose Thursday, tracking gains on the London Metal Exchange due to a weak dollar. The market sentiment was also lifted by the reopening of the US government, which will provide more clarity on US economic data and offer cues on the Federal Reserve's rate cut in December.   

 

At 1726 IST, the dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.2% to 99.33. A weaker dollar makes dollar-denominated commodities, such as base metals, cheaper for holders of other currencies, thereby aiding demand.

 

On Wednesday, US President Donald Trump signed legislation to end the longest government shutdown in the nation's history, after the House of Representatives passed the spending package. The shutdown had suspended the release of key economic data, which is vital to the Federal Reserve's decision-making on interest rates. 

 

Meanwhile, in the US, the government added copper to its list of critical minerals, underscoring its importance for electric vehicles and infrastructure.

 

However, expectations of weak bank lending in China are holding back copper gains, Reuters reported. Market participants are also awaiting a slew of data on the Chinese economy to be released on Friday, including new home prices, retail sales, and industrial output.

 

At 1727 IST, on the MCX, the November futures contract of:
-–ALUMINIUM was steady at INR 273.80 a kg
–-Copper was at INR 1,016.90 a kg, up 0.4%
–-LEAD was at INR 184.35 a kg, down 0.4%
–-ZINC was at INR 306.20 a kg, up 0.3%

--NICKEL was at INR 1,319.00 a kg, up 0.7%

 

Trading levels for the day on the MCX:
--Aluminium contract seen at INR 272.00-INR 276.00
--Copper contract seen at INR 1,008.00-INR 1,022.00
--Lead contract seen at INR 183.00-INR 186.00
--Zinc contract seen at INR 304.00-INR 309.00
--Nickel contract seen at INR 1,290.00-INR 1,335.00

 

End

 

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

 

Edited by Saji George Titus

 

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