LME copper rose about 1% on Tuesday as a rebound in AI-related stocks and firm demand from China, the world’s largest copper consumer, supported prices. A stronger dollar limited gains. ING strategist Eva Mante said the AI-led rebound underpins copper on expectations that AI infrastructure expansion will boost demand. Supply remains tight: LME inventories increased last week but are heavily concentrated in North America, prompting concerns of shortages elsewhere, while Shanghai Futures Exchange

LME copper rose about 1% on Tuesday as a rebound in AI-related stocks and firm demand from China, the world’s largest copper consumer, supported prices. A stronger dollar limited gains. ING strategist Eva Mante said the AI-led rebound underpins copper on expectations that AI infrastructure expansion will boost demand. Supply remains tight: LME inventories increased last week but are heavily concentrated in North America, prompting concerns of shortages elsewhere, while Shanghai Futures Exchange copper stocks fell more than 25%.