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Copper climbs on AI rebound, China demand strength
Copper rose on Tuesday as sentiment around AI stocks recovered and demand strengthened in top consumer China, although higher oil prices and a firmer dollar capped gains. Benchmark three-month copper on the London Metal Exchange was up 0.7% to $14,421.50 per metric ton as of 1030 GMT after ending the previous session little changed. Prices were finding support from rebounding AI stocks, with demand for the metal expected to benefit from AI infrastructure expansion, and supply remained constrained, particularly in China, said ING commodities strategist Ewa Manthey. The surge in the Yangshan pre...
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