Search
On October 7th, driven by optimism surrounding the artificial intelligence boom, tech stocks continued to rise near record highs, while copper prices remained stable. Copper contracts on the London Metal Exchange (LME) were largely flat on Wednesday, indicating market caution. With the acceleration of data center construction in the AI industry, copper demand is expected to increase, and AI has been the primary driver of global stock market gains this week. Currently, the copper market is in a consolidation phase, following a period where concerns over potential U.S. tariffs on refined metals led to a surge in supply to the U.S. market, causing tight supply conditions elsewhere and pushing copper prices to all-time highs. Traders are now awaiting the reopening of markets after China's long holiday for further clues on price trends.
-
C114 Communication Network -
Communication Home
