Capital Market News COMEX Copper futures slipped today as supportive global equities failed to keep the metal elevated amid concerns over rising Covid cases in China. A data showing decline in China's industrial profits also hurt the red metal. The commodity dipped for a second session and currently trades at $4.04 per pound, down 0.65% on the day and easing further from a three week high. China's industrial profits were hit in the first two months of 2023 on weaker demand and falling prices, official data showed Monday. Industrial profits plunged 22.9 percent on a yearly basis in January to February period, the National Bureau of Statistics reported. The decrease followed a 4.0 percent contraction in the full year of 2022.