Weekly Copper Review: COMEX futures under pressure amid firm US dollar
Mumbai, June 27 -- COMEX Copper futures edged up from a seven-week low despite choppy equities. LME Copper inventories fell near three-month low and capped losses for the red metal. US dollar continues to dominate sentiments for the metal as COMEX Copper lost around 5% this week. Comfortable global supplies are also capping upside. The International Copper Study Group (ICSG) has stated in a latest update that Preliminary world copper mine production declined by 1.4% in the first four months of 2026, with a decline in concentrate production of -2.7% more than offsetting an increase in solvent extraction-electrowinning (SX-EW) of 3.5%. The world refined copper production also grew by about 4% in the first four months of 2026 with primary prod...
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