Archive · Business Recorder
Copper set for first monthly loss since June as AI spending worries weigh
LONDON: Copper prices fell on Friday and were on track to snap a three-month winning streak in October as concerns that heavy spending on AI may not generate sufficient returns weighed on risk appetite. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.9% at $14,227 a metric ton by 1058 GMT, after touching a one-week low of $14,216 earlier in the session. The metal, used in power and construction, was set to post a 1% decline in October as higher oil prices and jitters in the technology sector prompted a flight to bonds. Copper continued to draw support from a premium ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →