COMEX copper hits record high, up around 11% this month
Mumbai, May 13 -- COMEX copper surged to a record high on Wednesday with sentiments driven by severe supply shortages and intense demand for AI-driven data center construction and energy infrastructure. The red metal has zoomed 11% this month and currently trades up 1.31% at $6.61 per pound. MCX Copper trades up 0.90% at Rs 1402.65 per kg. Meanwhile, in Asia, China stocks hit an 11-year peak on Wednesday. The Shanghai Composite Index closed 0.7% higher. In Hong Kong, the Hang Seng Index added 0.2%. Japanese stocks edged up amid volatile trades today. The Nikkei 225 Index added 0.84%, hitting another record high. European stocks are witnessing choppy moves but the undertone is mostly supported. The major stock market averages on Wall Street ...
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