Base Metals Preview: Copper extends rebound tracking positive cues from equities

COMEX Copper futures climbed to an over one week high above $4.6 mark tracking positive cues from global equities in reaction 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. The Dow jumped 312.08 points or 0.8 percent to 40,524.79, the Nasdaq rose 107.03 points or 0.6 percent to 16,831.48 and the S&P 500 climbed 42.61 points or 0.8 percent to 5,405.07. COMEX Copper futures are trading at $4.63 per pound after spiking by more than 2% in the previous session and witnessing a continued bounce from three month low. MCX copper futures are trading above Rs 840 per kg.

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