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Commodity News Details
Base Metals Preview: Copper consolidates around $4.60 per pound
04-Mar-2025 09:06
COMEX Copper futures saw good gains yesterday, rising around 1% in intraday moves amid mostly steady cues from equities and a slide in LME Copper inventories during last week. Chinese manufacturing data also boosted sentiments. The red metal also benefited from the weakness in US dollar and consolidated around$4.60 per pound. China's manufacturing economy expanded at a faster rate in February. The headline seasonally adjusted Purchasing Managers' Index (PMI) improved to a three-month high of 50.8 in February. That was up from January's 50.1 and represented the best outcome for the headline index since last November.

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