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London copper ticks up but heads for weekly loss
London copper inched higher on Friday but headed for a weekly loss amid concerns over rising inflation and a selloff in AI-related stocks, while aluminium was on track for a fourth straight weekly decline. Benchmark three-month copper on the London Metal Exchange rose 0.3% to $14,383.50 a metric ton by 0150 GMT but was down 1% for the week. The most-traded copper contract on the Shanghai Futures Exchange fell 0.1% to 109,610 yuan ($16,379.75) a ton. “The accelerating selloff we are seeing in the semiconductor/AI space is spilling over into copper. The two areas have been tracking each other qu...
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