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Commodity News Details
Base Metals Preview: COMEX copper stabilizes under $5 per pound mark
07-Nov-2025 08:52

COMEX copper is seen stabilizing under $5 per pound mark on Friday morning in Asia tracking a sharp pullback in overnight equities. The Nasdaq tumbled 445.80 points or 1.9 percent to 23,053.99, the S&P 500 slumped 75.97 points or 1.1 percent to 6,720.32 and the Dow slid 398.70 points or 0.8 percent to 46,912.30. Besides, a mild rebound in dollar after a nearly half a percent decline in the previous session could weigh on the red metal. Also, data yesterday showed LME Copper inventories rose after recent string of declines. Inventories edged up 300 tonnes to 133900 tonnes - coming off three month low. On the MCX, copper is holding around Rs 1000 per kg.

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