Driven by optimism about the artificial intelligence boom, technology stocks rose sharply before, then their gains slowed, and copper prices stabilized. On Wednesday, the price of copper contracts on the London Metal Exchange remained basically flat due to overall market risk aversion and the strengthening of the US dollar. The construction of data centers supporting the AI industry is expected to drive copper demand, which is also the driving factor behind the rise in global stock markets this week. Last month, the US planned to impose tariffs on refined metals, prompting a massive influx of copper into the US. Supply in other regions was tightened, and copper prices soared to historical records. Since then, the copper market has remained in the consolidation phase. At 2:16 p.m. Singapore time, copper futures fell 0.2% to 14381.50 US dollars per ton. The price of aluminum rose 0.2% and the price of zinc fell 0.2%.

Driven by optimism about the artificial intelligence boom, technology stocks rose sharply before, then their gains slowed, and copper prices stabilized. On Wednesday, the price of copper contracts on the London Metal Exchange remained basically flat due to overall market risk aversion and the strengthening of the US dollar. The construction of data centers supporting the AI industry is expected to drive copper demand, which is also the driving factor behind the rise in global stock markets this week. Last month, the US planned to impose tariffs on refined metals, prompting a massive influx of copper into the US. Supply in other regions was tightened, and copper prices soared to historical records. Since then, the copper market has remained in the consolidation phase. At 2:16 p.m. Singapore time, copper futures fell 0.2% to 14381.50 US dollars per ton. The price of aluminum rose 0.2% and the price of zinc fell 0.2%.