Hindustan Copper Leads Metal Stock Rebound Amid Global Sell-off, Nifty Metal Up

• Hindustan Copper opened 4% higher on Monday, attempting to lead a rebound in metal stocks despite a global sell-off.
• The Nifty Metal index was up 0.20% in early trade, contrasting with a ₹2 lakh crore market cap erosion for five index stocks over Friday and Sunday.
• Hindustan Zinc and Vedanta, which saw significant market value losses, also traded higher on Monday.
• Global commodity markets, including copper, faced continued weakness due to speculative activity and concerns over the US dollar's outlook.
• A crisis involving Chinese metals trader Xu Maohua, with unsettled trades and alleged losses of $144 million, added to market turmoil.

Why It Matters: Hindustan Copper attempts to revive metal stocks amidst a global commodity downturn and Chinese trading crisis.