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Weekly Copper Review: COMEX futures ease from two-week high

15-Nov-25 12:46 Hrs IST

COMEX Copper futures drifted lower as two-week highs around $5.15 per pound failed to sustain. The red metal still ended up 1.90% for the week at $5.05 per pound. The counter is having a difficult time to sustain this week amid tepid cues from Chinese economy and a correction in DOW from record highs is now pulling it back. Broad economic outlook is steady though as Organization of the Petroleum Exporting Countries or OPEC has stated in a monthly update that the global economy is expected to maintain its stable growth trajectory, supported by the momentum observed so far this year. The global economic growth forecasts remain at 3.0% for 2025 and 3.1% for 2026, both unchanged from the previous month's assessment. This could cap downside in the metal though traders will be also keeping a close eye on the LME Copper inventories trend which are currently around three-week high.

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