S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Copper futures steadied around $5.95 per pound on Wednesday after falling for four consecutive sessions, as supportive long-term fundamentals helped offset near-term pressure stemming from the Iran conflict. Major technology firms continue to secure agreements that are driving rapid expansion in datacenter construction across key manufacturing hubs, underpinning copper demand given its critical role in electrification and power grid infrastructure.
On the supply side, output from top producer Chile faces growing uncertainty after the Middle East conflict disrupted sulphur shipments to China, prompting China to restrict exports of sulphuric acid, a key input for roughly half of Chile’s copper refining process. In Indonesia, the Grasberg mine remains underutilized following a fatal mudslide that triggered a force majeure event. Meanwhile, concerns that the Iran war could weigh on global growth are dampening demand expectations for industrial metals.
