COMEX Copper is attempting recovery from a near two week low in early Asia on Monday after the red metal plummeted by over 5% on Friday alone tracking a sharp pull back in equities after President Donald Trump threatened to retaliate against China's expansion of export controls on rare earths. The major averages ended the day just off their lows of the session. The Nasdaq plummeted 820.20 points or 3.7 percent to 22,204.43, the S&P 500 tumbled 182.60 points or 2.7 percent to 6,552.51 and the Dow slumped 878.82 points or 1.9 percent to 45,479.60. With the steep drop on the day, the major averages also posted significant losses for the week. The Dow dove by 2.7 percent, while the S&P 500 and the Nasdaq plunged by 2.4 percent and 2.5 percent, respectively. Trump accused China of "becoming very hostile" in a post on social media platform Truth Social and threatened a "massive increase" in tariffs on Chinese products coming into the U.S.