(24 Jan 2026, 11:24)

Weekly Copper Review: COMEX futures bounces from three-week low

COMEX Copper futures edged up steadily, building on gains after testing a three-week low in last week. The counter moved near $6 per pound, adding around 1.80% for the week as equities provided decent inputs for metal. Weak US dollar also boosted the commodity. Meanwhile, International Copper Study Group (ICSG) reported that the world copper mine production increased by about 1% over the first eleven months of 2025, with concentrate production increasing by 0.4% and solvent extraction-electrowinning (SX-EW) by 3.5%. Demand was firm. Preliminary data suggests that world apparent refined copper usage rose by about 4% over the first eleven months of 2025. Chinese apparent demand (excluding changes in bonded/unreported stocks) is estimated to have grown by around 5.5%.

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Weekly Copper Review: COMEX futures bounces from three-week low