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Base Metals Preview: Copper stays slippery
04-May-2026 08:58
Copper recovered last after testing two-week low but stayed under $6 per pound amid mixed equities. The 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.

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