Mumbai, Dec. 30 -- Copper futures soared after a collapse in last session as metals rallied amid weak US dollar index. Overall mood is positive for the red metal after the recent drawdown in LME Copper inventories pulled the storage levels in the exchange to lowest in six-weeks. COMEX Copper futures are currently trading at $5.69 per pound, up 2.35% on the day. Meanwhile, in equities, Asian markets ended mixed today. European markets edged up modestly. Trading volumes were thin ahead of upcoming holidays. The red metal - a key commodity that underpins the fast-growing renewable energy industry, is on course for its biggest annual price rise in more than 15 years.
Published by HT Digital Content Services with permission from Capital Market....