Base Metals Preview: COMEX copper rebounds from one-week low

COMEX Copper futures extend upside following a rebound from one-week low as China?s economic growth in 2025 met the government?s target, with annual GDP expanding 5% year-on-year. The metal trades at $5.86 per pound. Weakness in greenback also supported the red metal. Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from European markets and lack of cues from Wall Street overnight, amid intensifying geopolitical and tariff related tensions after US President Donald Trump's announcement of new 10 percent tariff on European countries starting February 1 and his plan to acquire Greenland. Asian markets closed mostly lower on Monday. MCX Copper futures trade above Rs 1300 per kg.

Powered by Commodity Insights