Copper Rebounds With Other Metals After Sharp Selloff on Friday [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
The industrial metal climbed as much as 1.5% on the London Metal Exchange after plummeting 3% in the previous session as a selloff in shares linked to artificial intelligence stoked concern about demand for the metal used in electrical wiring and renewable energy equipment. Most Read from Bloomberg Can Netflix Help Save the American Mall? A Train Grows in Brooklyn Trump's New Architect Is Sticking With Ballroom's Giant Size Extreme Weather Plunges Brazil's Largest City Into Darkness Hochul Picks Kathryn Garcia as Next Head of Port Authority Copper has rallied more than 30% this year after a series of mine disruptions cut supply, and as traders ship huge volumes to the US ahead of potential import tariffs. A wave of investment in green energy and power infrastructure has also spurred optimism for longer-term demand. “Demand continues to beat expectations, despite concerns over the global economy and the fall in China's economic growth,” ANZ Group Holdings Ltd. analysts
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News
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- Copper Nears $12,000 a Ton as Supply Cuts Fuel Annual Surge [Yahoo! Finance]Yahoo! Finance