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Commodity News Details
Base Metals Preview: Copper recovers from two week low
29-Apr-2026 09:18
Copper slumped yesterday as weakness in Chinese economic activity weighed on the metal. The Conference Board Leading Economic Index (LEI) for China declined by 0.2% in March 2026 to 144.8 (2016=100), matching the 0.2% drop recorded in February. Over the six-month period from September 2025 to March 2026, the LEI contracted by 1.3%, following a steeper 2.0% decline in the preceding six months, pointing to ongoing softness in near-term economic momentum. COMEX Copper futures saw accelerated losses and tested the lowest levels in last two-weeks before witnessing a recovery. The metal is back above $6 per pound in Asia today and trades up 0.61% at $6.01 per pound.

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