Copper prices fall 6% intraday after the longest winning streak in eight years. A correction or buying opportunity?

Copper prices witnessed a sharp retrace on Wednesday after a strong rally in recent weeks. On the Multi Commodity Exchange (MCX), copper futures due January 30, 2026 were trading at Rs 1,298.95, down Rs 38.40 or 2.87% intraday.Earlier in the day, prices fell to a low of Rs 1,261, down 5.7% from Tuesday’s close. Despite […]

Metals on fire: what’s driving the unstoppable rally in copper, aluminum and zinc

Base metal prices have witnessed a remarkable rally in recent weeks, with copper, aluminum and zinc leading the major global exchanges. Copper prices have surged past the psychological $10,000 mark on the London Metal Exchange (LME), while on India’s MCX platform they are near record highs. Similar bullish momentum is evident in China’s top consumer […]