Copper fell with other industrial metals as a selloff in AI-related stocks sapped risk appetite across global markets. The red metal slipped as much as 0.7% to $14,260 a ton on the London Metal Exchange. Asian shares slid after earnings from major tech companies failed to reassure investors about the durability of the artificial intelligence trade. Copper has benefited from that boom because of its use in data centers and power infrastructure.
The decline reflects broader market jitters tied to AI-driven momentum, with investors questioning whether the rally in tech stocks can sustain. Metals markets have been closely watched as a proxy for global growth sentiment.
Despite the drop, copper remains above key support levels, though near-term direction hinges on further tech earnings and macroeconomic data releases.
Market participants are weighing supply constraints against weakening demand signals from key Asian economies.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing