Copper snaps back as AI worries fade, shortages persist in China
LONDON: Copper prices picked up on Wednesday after dropping in the previous session on a recovery in investor sentiment about AI companies and shortages in top metals consumer China. Benchmark three month copper on the London Metal Exchange gained 1% to $13,796 a metric ton by 1025 GMT, having lost 1.6% on Tuesday and last week recorded its biggest weekly drop since March. Much of the losses were…
Read at Business Recorder(opens in a new tab)
Full coverage
Copper snaps back as AI worries fade, shortages persist in China (opens Business Recorder in a new tab)
LONDON: Copper prices picked up on Wednesday after dropping in the previous session on a recovery in investor sentiment about AI companies and shortages in top metals consumer China. Benchmark three month copper on the London Metal Exchange gained 1% to…
