C
1,392.50
-7.00 (-0.50%)
MCX
C
COPPER
1,392.50
MCX
COPPER Options Top 5 Contracts
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COPPER Nov Options
At the Money IV
17.17
IV Change %
4.93
Days for Expiry
26
Expiry
2026-11-23
Market Lot
2,500
PCR
0.92
In the Money
Open Interest (OI)
1,170
Change in OI
71.00
OI Change %
6.46%
Trade Volume
1,136
Out the Money
Open Interest (OI)
4,675
Change in OI
92.00
OI Change %
2.01%
Trade Volume
4,436
COPPER Latest News

Traders are paying millions to secure copper. High premiums reflect tight supply conditions. Increased procurement costs noted for buyers.


Copperweld CFO Josh Vogel advocates for bimetallic conductors to optimize copper allocation. Bimetals reduce inefficient demand in construction and grid infrastructure. Preserves copper supply for high-value sectors like semiconductors and data centers. Stabilizes copper prices to support long-term mining investment decisions.


Copper inventory sentiment crossed above its trailing-year average on May 13, 2026. Sustained LME backwardation returned on July 20, ten weeks after the sentiment signal. LME stocks fell 49% from their April peak to ~205,000 metric tons by mid-August. Cash premium shifted from a $43 discount in May to an average $198 premium in August. Weekly inventory sentiment shows a -0.64 correlation with four-week stock changes.


Copper prices rallied as returning Chinese buyers boosted demand in global metal markets. Chinese buying activity supported upward momentum across the base metals complex. Indian companies Hindustan Copper and Hindalco Industries operate in segments linked to copper market dynamics. Firmer copper prices can influence realisations for domestic copper mining, smelting, and processing companies.


LME three-month copper hit an intraday high of $14,694 per tonne on September 8, 2026. Chile projected a 2.6% annual decline in copper output for full-year 2026. Morgan Stanley forecasts global mine production remaining flat or edging lower. Salazar Resources holds a 25% carried interest in Ecuador's El Domo project. Freeport-McMoRan shares rose over 7% on the record price day.

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