Copper falls for 4th day on tech selloff and AI worries
In short
Copper prices fell for a fourth day in a row. The London Metal Exchange three-month price dropped to a level not seen since late July, as tech shares slipped and worries grew about AI spending.
Tight supply outside the US helped limit the fall, but lower copper stocks in Chinese warehouses added to supply concerns.
What the reporting says
Copper fell for a fourth straight session, with the London Metal Exchange three-month contract dropping to a low not seen since late July. The decline was linked to a slide in technology shares and growing concern over artificial intelligence investments. Tight supply outside the US limited further losses, while a sharp drop in copper stocks in Chinese warehouses added supply worries.
Why it matters
Copper extended losses for a fourth session as technology shares weakened and investor concern grew around artificial intelligence spending. The London Metal Exchange three-month contract fell to a late-July low. Tight supply outside the US helped cushion the move, but falling warehouse stocks in China kept supply worries in focus for metals traders.