Tag: copper price consolidation phase

LME copper slips 1.1% w-o-w amid profit booking, firm dollar

Feb 16, 2026

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by

Prerana Rout

in Copper, Non Ferrous

Rangebound trade ahead of Lunar New Year holidays Indian scrap prices correct after record-high rally LME copper prices declined 1.1% w-o-w in the week ended 13 February 2026, as mild profit booking and a cautious tone ahead of China’s Lunar New Year capped upside momentum. After touching record highs in the previous sessions, the red…