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Copper rebounds from 3-month low as tightness offsets tariff, AI fears

Copper rebounds from 3-month low as tightness offsets tariff, AI fears

Copper prices recovered on Wednesday after hitting a three-month low, rising 0.4% to $14,093 per tonne as strong Chinese demand and regional supply shortages supported the market. Initial concerns over US copper tariffs and potential restrictions on AI data-centre investment eased, while a weaker dollar and recovering global stock markets helped lift base metals.

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Copper holds above $14,000 as investors weigh US election impact

Copper holds above $14,000 as investors weigh US election impact

Copper prices recovered from earlier losses on Wednesday, holding above $14,000 per tonne as global markets reacted to the US midterm election results. LME copper traded near $14,014, supported by recovering equity markets, although concerns over tighter AI regulation and changing expectations for US copper import tariffs continued to weigh on sentiment.

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