Despite domestic stability, global copper remains under pressure from macro trends:
LME copper is trading around US $10,950/tonne (~₹884/kg), supported by EV demand but constrained by production concerns
India still imports refined copper, especially after Vedanta’s Tuticorin smelter closure, despite increasing local demand (~1.52 MT vs 1.31 MT year-on-year).
Bottom line: Indian copper futures mirror stable global prices; any global supply shocks or increased EV infrastructure builds could nudge copper mcx live prices upward.