C
1,328.50
-13.35 (-0.99%)
MCX
C
COPPER
1,328.50
MCX
COPPER Options Top 5 Contracts
Sorry, No Data Available at this Moment!
COPPER Nov Options
At the Money IV
21.58
IV Change %
20.73
Days for Expiry
12
Expiry
2026-11-23
Market Lot
2,500
PCR
0.69
In the Money
Open Interest (OI)
2,810
Change in OI
531.00
OI Change %
23.30%
Trade Volume
7,093
Out the Money
Open Interest (OI)
10,618
Change in OI
820.00
OI Change %
8.37%
Trade Volume
29,989
COPPER Latest News

Comex-LME copper spread rebounded to $100 per ton after briefly turning negative. Freeport-McMoRan board approved $4.5 billion expansion of the Bagdad mine in Arizona. Expansion adds 115,000 metric tons a day processing capacity with initial production targeted for mid-2030. Analysts cite Section 301 powers allowing unilateral tariffs despite Democratic congressional gains. Tighter AI scrutiny under Democratic Congress poses demand risks for global miners in COPX.


US launches Project Vault, a $12 billion national stockpile for critical minerals. First delivery includes 12,000 tons of copper from the Democratic Republic of Congo. Jim Rickards states US relies on China for 100% of 20 key minerals. Initiative parallels the 1975 Strategic Petroleum Reserve created after oil embargoes. Norway’s resource fund holds ~$350,000 per citizen; US fund details remain unknown.


Traders are paying millions to secure copper. High premiums reflect tight supply conditions. Increased procurement costs noted for buyers.


Copperweld CFO Josh Vogel advocates for bimetallic conductors to optimize copper allocation. Bimetals reduce inefficient demand in construction and grid infrastructure. Preserves copper supply for high-value sectors like semiconductors and data centers. Stabilizes copper prices to support long-term mining investment decisions.


Copper inventory sentiment crossed above its trailing-year average on May 13, 2026. Sustained LME backwardation returned on July 20, ten weeks after the sentiment signal. LME stocks fell 49% from their April peak to ~205,000 metric tons by mid-August. Cash premium shifted from a $43 discount in May to an average $198 premium in August. Weekly inventory sentiment shows a -0.64 correlation with four-week stock changes.

Trade Directly from Charts
Get Instant Pledge Margin
+91
Or Scan the QR Code to download the Dhan App


