Tech stocks remain near record highs on AI-driven optimism, while copper held
steady. LME copper was flat on Wednesday as markets broadly stayed cautious.
Accelerating AI data-center construction could lift copper demand; the market is
consolidating after last month’s spike when concerns the US might impose tariffs
on refined metals diverted flows to the US, tightening supply elsewhere and
briefly pushing copper to a record high. Traders are awaiting China, the world’s
largest metals consumer, to reopen after the long holiday for further price
cues.
