The metal had rallied on bullish AI, energy outlook
Copper futures declined nearly 1% on Thursday, easing from record highs as traders took profits while reassessing underlying supply and demand conditions. Copper rallied this month, on a bullish outlook tied to AI-driven infrastructure builds and the broader global energy transition.
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LONDON: Copper fell on Thursday, giving up some gains from the previous session as rising inventories and subdued demand due to…
The convergence of AI, defense and energy transition themes is putting copper supply chain challenges in the frame.
Citigroup sees copper rising to $15,000 per metric ton, or approximately 7% above the metal's Tuesday close.
Analysts say copper's record-breaking run could continue next year, citing supply disruptions and masssive spending on artificial…
The price of copper is trending higher, but has risks in both directions in the future, Morgan Stanley says.
After major rallies, metals were under pressure on Thursday as rising oil prices increased both inflation and growth worries.
