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Copper falls, set for worst week since March on AI rout
SINGAPORE: Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets. Benchmark three-month copper on the London Metal Exchange was down 0.61% at $13,759 a metric ton by 0300 GMT. That placed it on track to fall 2.79% in the week. The most-traded copper contract on the Shanghai Futures Exchange fell 0.93% to 107,000 yuan ($16,046.79) a ton. The weakness reflects worries over AI investment, with copper increasingly influenced by “sentiment towards data centre expansion,” said Craig Lang, principal analyst at CRU. Asia...
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