Copper futures traded higher on Monday due to optimism over stimulus-fuelled global economic recovery. However, some gains were capped ahead of seasonally slow consumption during the Chinese Lunar New Year holiday. While, fresh doubts over the ability of Covid-19 vaccine makers to secure agreed supplies has also added downward pressure on copper prices.
Copper futures for March delivery gained $0.0110 at $3.6370 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.2% at $7,985.50 a ton.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: