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Commodity News Details
Copper lingers around $6 per massive gains in last session
04-Feb-2026 17:31
COMEX Copper eased after massive gains in last session amid cautious moves as equities saw stressed moves. Shanghai Composite index rose 0.85% as buying support stayed in place. Hong Kong's Hang Seng index edged up mildly. Japanese Nikkei 225 index eased 0.78% on AI worries. European stocks saw mixed moves. The US stocks tanked from near-record levels overnight as concerns posed by AI advances hurt of technology stocks. Copper currently trades at $6.03 per pound, down 0.87% on the day after a 4.50% spike in last session. Broad outlook is supportive as global manufacturing witnessed a modest but encouraging start to 2026. The headline global manufacturing PMI rose from 50.4 to a three-month high of 50.9, signalling a sustained, albeit subdued, improvement of business conditions for a sixth straight month.

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