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Commodity News Details
Base Metals Preview: Copper pulls back under $5 mark, tepid equities weigh
17-Oct-2025 09:00

COMEX Copper futures came under pressure on Friday morning in Asia tracing weakness in overnight equities on Wall Street. The major averages climbed off their worst levels going into the end of the day but remained in the red. The Dow slid 301.07 points or 0.7 percent to 45952.24, the S&P 500 declined 41.99 points or 0.6 percent to 6,629.07 and the Nasdaq fell 107.54 points or 0.5 percent to 22,562.54. The red metal currently trades at $4.96 per pound, down 0.75% on the day. MCX Copper is quoting flat around Rs 992 per kg. Weakness in the US dollar index did not support Copper much. Meanwhile, mining major Freeport McMoRan Inc. plans to break away from the benchmark pricing system, media reports noted.

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