---
title: 'Metals Hold Firm As China Takes Steps To Boost Economy, Copper, Aluminium Surge, Crude Oil Steady'
source: 'https://www.youtube.com/watch?v=a2alUjG8FeU'
video_id: 'a2alUjG8FeU'
date: 2026-09-16
duration_sec: 85
channel: 'CNBC-TV18'
---

# Metals Hold Firm As China Takes Steps To Boost Economy, Copper, Aluminium Surge, Crude Oil Steady

> Source: [Metals Hold Firm As China Takes Steps To Boost Economy, Copper, Aluminium Surge, Crude Oil Steady](https://www.youtube.com/watch?v=a2alUjG8FeU)

## Summary

The transcript is a segment from CNBC's Power Breakfast show where commodities analyst Manisha Gupta provides a quick update on the state of commodity markets. The focus is on strong performance in the metals sector, driven by a weaker dollar and supply constraints, contrasted with steady oil and slightly consolidating gold prices.

### Key Points

- **Copper Prices Surge** [00:24] — Copper prices surged nearly 5% in Asian markets due to weak inventories, supply disruptions, and China's economic stimulus efforts. Prices are up nearly 9% for 2023.
- **Aluminum Hits Seven-Month High** [00:38] — Aluminum is trading at a seven-month high, with global inventories at their lowest since 2002. Prices have also gained nearly 9% in 2023.
- **Iron Ore Holds at 14-Month High** [00:52] — While steel prices have come off slightly, iron ore prices on the Dalian exchange are still holding at 14-month highs, indicating continued strength in the ferrous metals space.
- **Crude Oil Steady, Gold Consolidates** [01:04] — Crude oil prices remain steady at around $85 per barrel. Gold, after hitting record highs for two days, appears to be consolidating, with international prices holding above $1,900 and pivoting around $1,910 per ounce.

## Transcript

Welcome back. You're still tuned in to Power Breakfast on CNBC TV Aideen. We spoke about economies, we spoke about markets. It's time to take a check on the commodity markets as well. Manisha Gupta is joining us as always.
Manisha, good morning. What are the commodity market cues today? Hi, morning Sonal. Well, the metals for one are trading on a firmer note. The dollar index continues to be on the weaker side. China continues to take steps to boost economy.
And then we are dealing with weak inventory, supply disruptions. is the reason that you have seen the copper prices surge by nearly 5% in the Asian markets right now. So with that, we are up by nearly 9% for 2023 till time.
Same the case being with other metals too. Aluminum comes next on the list. It's trading at a seven-month high. The global inventories here have declined to the lowest since 2002. And the prices have here also gained up by nearly 9% in 2023.
You have the steel prices, which have come off slightly. but the iron ore prices on the Dalian exchange are still holding at 14-month highs. So within the metal space, we've seen strong gains continuing. As far as the other commodities are concerned,
well, you have the crude oil prices trading steady around $85 a barrel, and gold prices, after hitting two days of record highs, today looks like it's getting into consolidation. The international markets also, while they're holding above $1,900 per ounce,
but we have come off those $1,930 highs as well. So somewhere pivoting around $1,910 in the international market. Okay, so that's the update from the Commodity