More Stories

Informist, Wednesday, Dec. 10, 2025

 

By Reshma Ravi

 

MUMBAI – Futures contracts of copper rose on the Multi Commodity Exchange of India and the London Metal Exchange on Wednesday due to concerns about supply. Copper prices also rose due to rising expectations of a rate cut by the US Federal Reserve at 0030 IST Thursday.

 

Copper prices rose due to concerns about supply and tighter availability of metals in warehouses registered with the LME. Traders have been redirecting significant volumes of copper to the US to pre-empt potential import tariffs, which has further strained supplies in other major hubs. LME data showed a spike in copper orders from Asian warehouses, intensifying market concerns about potential global supply shortages triggered by US tariffs.

 

Copper prices also rose due to rising expectations that the US Federal Reserve will cut interest rates. According to the CME's FedWatch tool, 89.9% of Fed fund futures traders are now pricing in a 25-basis-point rate cut, while nearly 10.1% of traders anticipate no change in interest rates. Typically, lower borrowing costs boost construction and manufacturing activities, driving demand for copper.

 

Citigroup has raised its copper price forecast due to firm demand and tightening supply conditions. Prices will continue to rise in the first quarter of next year and reach an average of $13,000 per tonne in the second quarter of 2026, it said.

 

"Investors also assessed takeaways from China's Politburo meeting, which emphasized a measured approach to stimulus while prioritizing domestic demand next year," Kotak Securities said in a report.

 

At 1610 IST, on the MCX, the December futures contract of:
-–ALUMINIUM was at INR 276.80 a kg, up 0.5%
--Copper was at INR 1,090.95 a kg, up 1%
–-LEAD was at INR 181.75 a kg, up 0.3%
–-ZINC was at INR 310.80 a kg, up 0.1%

--NICKEL was at INR 1,300.00 a kg, down 0.7%.

 

Trading levels for the day on the MCX:
--Aluminium contract seen at INR 274.00-INR 278.00 
--Copper contract seen at INR 1,075.00-INR 1,096.00 
--Lead contract seen at INR 181.00-INR 183.00 
--Zinc contract seen at INR 308.00-INR 313.00 

--Nickel contract seen at INR 1,280.00-INR 1,330.00 

 

End

 

Edited by Ashish Shirke

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.