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Copper marks strong rebound amid steady global growth estimates

09-Jan-26 17:27 Hrs IST

COMEX Copper futures marked a strong rebound today after a slide in last session as the UN World Economic Situation and Prospects 2026 predicted that global economic output will grow by 2.7% this year, marginally below the 2.8% estimated for 2025 but still maintaining a steady bias amid trade uncertainty and geopolitical unrest. COMEX Copper had lost around 1% yesterday but moved up 1.66% to $5.89 per pound today. The metal is up around 3.50% for this week. MCX Copper futures are trading at Rs 1278 per kg, up 0.66% on the day after hitting a high around Rs 1290 per kg. Equities edged up in Asia and Europe as DOW held near record highs.

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