COMMODITY
Copper futures extend weakness on holiday-thinned trading
Feb-17-2026
Copper futures extended weakness on Tuesday on thinned trading because of the absence of Chinese investors during the week-long Lunar New Year holidays. Besides, a stronger US dollar as markets are awaiting the upcoming Federal Reserve minutes and GDP data for clearer signals on the timing of potential interest rate cuts, also weighed on the red metal. Combined copper stocks across the three major global exchanges (LME, COMEX, and SHFE) have surpassed 1 million metric tons for the first time in over two decades, putting significant downward pressure on prices globally. The US stock market was closed yesterday in observance of Presidents' Day.

Copper futures for March delivery fell $0.0970 or 1.67% at $5.7060 a pound on the Comex metals division of New York Mercantile Exchange.

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