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Base Metals Preview: COMEX Copper Softens On Demand Worries

Base Metals Preview: COMEX Copper Softens On Demand Worries

May 24, 2022 9:04 IST | capital market
Copper eased in Asia on broad demand worries over world economy. Ukrainian President Volodymyr Zelenskyy called for maximum sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos. He said sanctions need to go further to stop Russias aggression, including an oil embargo, blocking all of its banks and cutting off trade with Russia completely. He said that its a precedent that would work for decades to come. This is weighing on equities in Asia and the red metal is currently trading down 0.32% at $4.32 per pound. Powered by Commodity Insights

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