Copper rose in the Asian session as markets digested US midterm results. Ole Hansen, head of commodities strategy at Saxo Bank, said investors are balancing copper's supportive long-term fundamentals against election-driven cross-currents. He warned

2026-11-05

Copper rose in the Asian session as markets digested US midterm results. Ole Hansen, head of commodities strategy at Saxo Bank, said investors are balancing copper's supportive long-term fundamentals against election-driven cross-currents. He warned political and regulatory scrutiny of AI and data-center investment could intensify and weigh on future demand. Hansen said the long-term outlook remains constructive but the vote may trigger an extended consolidation as traders reassess tariff risk, inventory flows and US demand prospects.