Base Metals Preview: Copper spikes near $4.60 per pound

COMEX Copper futures soared today as equities zoomed up across the globe reacting to US President Donald Trump's announcement on Friday that smartphones, computers, and other devices and components such as semiconductors, will be exempted from reciprocal tariffs for now. COMEX Copper futures spiked around 1.39% to trade at $4.58 per pound, witnessing a continued bounce from three month low. This is likely to push up MCX Copper futures in early moves moves after it ended up 1.48% at Rs 839.45 per kg.

Powered by Commodity Insights