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Commodity News Details
Base Metals Preview: COMEX copper rebounds from one-week low
17-Mar-2026 08:37

Copper futures rebounded from one-week low as dollar witnessed a pull back below 100 mark on Tuesday morning in Asia. Steady economic cues from China also capped losses for the red metal. China's industrial production rose 6.3% on year in the combined January'February period of 2026, accelerating from a 5.2% growth in December. Besides, positive cues from overnight equities also supported the red metal. The major averages on Wall Street ended the day off their highs of the session but still sharply higher. The Nasdaq surged 268.82 points or 1.2 percent to 22,374.18, the S&P 500 jumped 67.19 points or 1.0 percent to 6,699.38 and the Dow advanced 387.94 points or 0.8 percent to 46,946.41. COMEX Copper futures are currently quoting at $5.82 per pound, up marginally on the day and following an over 1% spike yesterday. MCX Copper futures are trading at around Rs 1175 per kg.

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