Mumbai, Dec. 23 -- COMEX Copper futures saw excellent gains after breaking above $5.50 per pound. The red metal currently trades up 1% at $5.56 per pound amid firm equities. Asian markets extended gains in steady moves on Tuesday in the backdrop of renewed optimism around AI-related shares that boosted equities on Wall Street yesterday. China's Shanghai Composite Index added 0.07% and neared two-week high. The Japanese benchmark Nikkei 225 gained 0.06% on the day. There has been a sizable drop in LME Copper inventories this week, providing a decent impetus to the commodity as it lingers around five-month high. MCX Copper trades at Rs 1155 per kg, up 1.90% on the day.
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