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Commodity News Details
Base Metals Preview: COMEX copper down around 1%
16-Feb-2026 09:37

COMEX copper continues to stay under $6 per pound mark on Monday morning in Asia tarcking weak cues from equities. The tech-heavy Nasdaq dipped 50.48 points or 0.2 percent to 22,546.67 on Friday, adding to the steep loss posted on Thursday, the S&P 500 inched crept up 3.41 points or 0.1 percent to 6,836.17 and the Dow inched up 48.95 points or 0.1 percent to 49,500.93. For the week, the Nasdaq tumbled by 2.1 percent, while the S&P 500 and the Dow slumped by 1.4 percent and 1.2 percent, respectively. Elevated inventories also weighed on the red metal. The counter currently trades at $5.74 per pound, down 1% on the day.

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