16-May-2025

Base Metals Preview: Copper eyes equities

Copper cut losses yesterday after testing one week low as supportive US equities triggered some buying. The metal drifted lower earlier, sliding under $4.60 per pound mark. Overall mood is choppy and COMEX Copper futures are currently trading at $4.67 per pound, down 0.30% on the day. Trade talks are broadly supportive and inventories are also falling, keeping copper steady.

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