Copper slips near $5.80 per pound as equities ease in Asia and Europe

Mixed undertone in equities capped movement in Copper futures today. The COMEX Copper futures are quoting at $5.80 per pound, up marginally on the day after racing near fresh record high of $5.95 per pound in last session. Chinese economic cues were slightly downbeat. The Conference Board Leading Economic Index(LEI) for China decreased by 0.2% in June 2025 to 148.6, after decreasing by 0.1% in May. As a result, the LEI declined by 1.4% over the first half of 2025, after decreasing by -1.2% over the second half of 2024.

In Asia, Chinese Shanghai Composite index fell 0.33% while Hong Kong's Hang Seng index shed 1.09%. Japan’s Nikkei average lost 1.88%, giving up some of the latest gains. European stocks eased slightly after recent gains. In overnight trades, the US stocks turned in a mixed performance on Thursday with the NASDAQ and the S&P 500 opening higher and hitting fresh record closing highs. DOW eased though.

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