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Base Metals Preview: COMEX copper lingers near one-week low
19-May-2026 09:19

COMEX copper stays pressured around a one-week low on Tuesday morning in Asia but cut some of its losses tracking pull back in dollar overseas. Moderate gains in US equities also limit downside for the red metal which is currently quoting at $6.25 per pound, down almost 1% on the day. The major averages on Wall Street climbed well off their worst levels of the day, with the Dow reaching positive territory. While the Dow climbed 159.95 points or 0.3 percent to 49,686.12, the S&P 500 edged down 5.45 points or 0.1percent to 7,403.05 and the Nasdaq slid 134.41 points or 0.5 percent to 26,090.73.

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