Copper fell 1.5% during intraday trading on the 4th before turning to a 0.5% gain.
Original headline구리, 4일 장중 1.5% 하락 뒤 0.5% 상승 전환
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LME three-month copper fell as much as 1.5% on the 4th to its lowest intraday level since August 3 before reversing to trade up 0.5% at $14,103 per tonne as of 8:15 p.m. KST, according to Reuters. The initial slide was attributed to a selloff in AI-related equities and shifting expectations around U.S. refined copper tariffs, while Chinese import demand and supply shortages outside the U.S. underpinned the rebound. The move matters because copper is a key input for data centers and power infrastructure, and AI capital expenditure has been a major support for demand. Investors will be watching whether the tech-led selloff persists and whether Chinese buying and non-U.S. supply tightness continue to offset tariff-related uncertainty.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
copper, LME, United States, China, Reuters