COMEX Copper has eased after hitting all time highs above $5 per pound but is witnessing steady moves amid tight inventories and firm Chinese demand. Over January-February, Chinas imports of copper ore and concentrates grew by 10.2% on year to 4.18 million tonnes. The red metal also eyed a sustained drop in global Covid-19 cases and stayed supported despite weak equities. COMEX Copper futures currently quote at $4.74 per pound, up 0.77% on the day. The MCX Copper futures closed at Rs 842.25 per kg, down 0.14% on the day. in last session and should see a stable opening today.
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