BusinessPhoto: Mint MarketsCopper Falls to Seven-Week Low Amid AI Trade and US-Iran Diplomacy Hopes
Copper prices dropped to a seven-week low as traders weighed the impact of artificial intelligence spending and potential US-Iran peace talks. On the London Metal Exchange, copper fell 2.2% to $14,036 per metric ton, the lowest since September 14. Comex copper declined 2.5% to $6.4020 per pound. Oil price drops on peace talk rumors boosted the dollar and bond yields, pressuring metals priced in US dollars. The AI demand outlook has raised concerns about global growth and metal demand.
Mint Markets·




