Copper falls for 4th day on AI-driven tech selloff
In short
Copper prices fell for a fourth day in a row. The three-month price on the London Metal Exchange dropped to its lowest level since late July, as technology shares slipped and worries rose about artificial intelligence spending.
Tight supply outside the US and lower stocks in Chinese warehouses helped cushion the fall.
What the reporting says
Copper prices fell for a fourth straight session, with the three-month London Metal Exchange contract dropping to its lowest level since late July. The move came as technology shares weakened and concerns grew over artificial intelligence investment. Tight supply outside the US and a sharp drop in copper stocks in Chinese warehouses helped limit deeper losses, while the metal headed for its worst week since March.
Why it matters
Copper extended losses for a fourth session, with the London Metal Exchange three-month contract hitting a low not seen since late July and heading for its worst week since March. The brief links the drop to weaker technology shares and rising concern over AI investment, while noting that tight supply outside the US and shrinking copper stocks in Chinese warehouses are limiting the decline. The move matters for industrial buyers, traders and miners.