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Commodity News Details
Base Metals Preview: Copper rebounds from 2-week low
23-Jan-2026 09:29

COMEX copper is seen rebounding from a two-week low, aided by weakness in greenback and positive cues from equities. The commodity has regained momentum following a sharp slide during the week. Stocks on Wall Street extended rebound amid easing tensions over President Donald Trump's efforts to take control of Greenland. Trump ruled out the use of military force to acquire Greenland during a speech on Wednesday and later said he had reached the framework of a deal on the arctic territory. The red metal is currently quoting at $5.82 per pound, up 0.79% on the day.

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