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Commodity Post Session News

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(19 Feb 2025, 17:52)

Copper consolidates around one week low

COMEX Copper futures consolidated around a one-week low on Wednesday. Mining major BHP highlighted risks to global growth from potential trade tensions, as it logged its lowest first-half profit in six years. The world's largest listed miner on Tuesday reported an underlying attributable profit of $5.08 billion for the six months ending December 2024, down 23% from a year ago. Copper is down for the third session and currently trades at $4.59 per pound, almost unchanged on the day. There has been a recovery in intraday moves for Copper amid steady cues from equities. China's Shanghai Composite index spiked 0.81% while Hong Kong's Hang Seng index fell 0.14%. Japanese Nikkei average eased 0.27% amid choppy trades. European stocks mostly fell amid lack of major economic cues. The US markets were choppy yesterday though the major indices managed to end in green.
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