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Base Metals Preview: Copper struggles to recover from around 4-month low
07-Aug-2025 09:14

Copper continues to struggle to recover from a near 4-month low and is currently quoting at $4.40 per pound, down 0.08% on the day. Copper had lost nearly 24% last week as US tariff policy cues led to a frantic drop. However, positive cues from overnight equities could limit losses in the counter. The Nasdaq jumped 252.87 points or 1.2 percent to 21,169.42 and the S&P 500 climbed 45.87 points or 0.7 percent to 6,345.06. The narrower Dow posted a more modest gain, rising 81.38 points or 0.2 percent to 44,193.12.

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