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Base Metals Preview: Copper tanks under $5 per pound mark as US tariffs hurt
03-Apr-2025 09:07

COMEX Copper futures slumped in Asia as global demand worries hurt the metal amid weak equities. US stock futures plunging on fears of rising inflation and retaliatory measures from key trading partners. Asian markets also slid as investors worried that Trump's aggressive trade stance could dent global growth. DOW futures tanked 2% today and COMEX Copper pulled back further from record high. The metal broke under $4 per pound and currently trades down 2.5% at $4.91 per pound. The counter has tested a two week low following this slide.

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