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Commodity News

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(27 Feb 2026, 08:22)

Base Metals Preview: Copper breaks above $6 per pound

COMEX Copper futures are witnessing firm moves as the metal has broken above $6 per pound mark. It currently quotes at $6.04 per pound, up 0.71% on the day and holding around three-week high. Demand outlook is supportive as US economy appears well placed. The International Monetary Fund said on Wednesday that the US economy performed well in 2025 despite the uncertainty caused by tariffs and a prolonged government shutdown. After its annual economic consultation with the world's most significant economy, the fund estimated US economic growth would accelerate to a 2.4 per cent pace this year after picking up at 2.2 per cent in 2025.
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