Archive · Business Recorder
Copper falls, heads for fifth straight weekly drop on AI rout
Copper slipped to its lowest in almost four months on Friday and was on course for a fifth weekly dip in a row on mounting concerns around AI investment. Benchmark three-month copper on the London Metal Exchange was down 0.5% to $13,519 per metric ton as of 1000 GMT after earlier hitting $13,456, its lowest since July 17. The metal was on course for a 1.8% drop this week, having lost ground every week since mid-October. “The LME copper price has fallen around 7% over the past month to $13,588/t, largely driven by the volatility in AI-related equities, which sold off following the Democratic sw...
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 →