Copper falls to lowest since July on AI slowdown fears and tariff doubts
FROM THE WIRE · SEEKINGALPHA.COM
[Close-up of new and shiny сopper pipe.] SimoneN/iStock via Getty Images Copper prices fell Friday to their lowest levels since late July, as investors worry that a Democratic sweep in the U.S. midterm elections could threaten the rapid expansion of artificial intelligence…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCopper's drop reflects concerns about data center demand and AI infrastructure expansion.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Three-month copper on the LME fell as much as 1.5% to $13,630 per metric ton on Friday.
- 02The metal is on track for a weekly loss of nearly 3%.
- 03Investors fear a Democratic midterm sweep could slow AI infrastructure and lower US tariff risk on the metal.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Freeport-McMoRan Inc.59.28 USD+0.40%today +2.38%Negative Southern Copper Corporation165.94 USD-0.35%today +0.34%Negative Global X - Copper Miners ETF70.49 USD-0.33%today +0.37%Negative Copper6.26 USD-0.40%today -0.23%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets