The Democratic Party won both houses of Congress in one fell swoop in the US midterm elections. The US dollar weakened, and copper prices fluctuated. The decline in three-month copper, the benchmark for the London market, narrowed. After hitting an intraday low since August, the price remained flat, at around 14,000 US dollars/ton. The Democratic Party controls both houses of Congress, and this result is seen as a denial of President Donald Trump. The weakening dollar favors commodities. Copper prices have fluctuated sharply this year. They hit a record high in September and have declined somewhat in recent weeks. Markets worry that AI related spending is dragging down the stock market, which in turn raises concerns about global growth. After the US election, traders will focus on Trump's possible imposition of tariffs on refined copper imports. This risk has already prompted large amounts of copper metals to flow into the US.

The Democratic Party won both houses of Congress in one fell swoop in the US midterm elections. The US dollar weakened, and copper prices fluctuated. The decline in three-month copper, the benchmark for the London market, narrowed. After hitting an intraday low since August, the price remained flat, at around 14,000 US dollars/ton. The Democratic Party controls both houses of Congress, and this result is seen as a denial of President Donald Trump. The weakening dollar favors commodities. Copper prices have fluctuated sharply this year. They hit a record high in September and have declined somewhat in recent weeks. Markets worry that AI related spending is dragging down the stock market, which in turn raises concerns about global growth. After the US election, traders will focus on Trump's possible imposition of tariffs on refined copper imports. This risk has already prompted large amounts of copper metals to flow into the US.