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Copper extends gains for third session
Copper prices rose for the third consecutive session, driven by gains in Asian stocks and supported by a rise in technology shares on Wall Street. The metal increased by up to 0.4% on the London Metal Exchange, continuing its gains after the biggest jump in over two weeks. Copper is benefiting from a boom in artificial intelligence investments, which are increasing demand for metals used in data centers and energy infrastructure, with sustainable expectations of rising demand in the coming years. Currently, copper is priced at $14,438 per ton, amid concerns over U.S. tariffs impacting global supplies—prompting faster shipments of copper to the United States and reducing availability in other markets. Despite rising global bond yields, copper held a significant level and showed resilience against market fluctuations, even as trading volumes remained stagnant due to market holidays in China.
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