AI selloff suppresses risk appetite, copper prices follow the decline

ZHITONG FINANCE APP has learned that on Thursday, copper prices fell along with other industrial metals. This followed a selloff in AI-related stocks that drained risk appetite from global markets. The London Metal Exchange (LME) copper price fell 0.7% at one point, to $14,260 per ton. Earnings reports from major technology companies failed to convince investors of the durability of the artificial intelligence trade, and Asian stock markets moved lower accordingly. Copper, used in data centers and power infrastructure, had previously benefited from this boom.