Affected by the wave of selling in AI-related stocks, copper prices are expected to fall this week.
2026-10-23 11:11:46
According to CoinMeta, affected by the wave of selling in AI-related stocks, copper prices are expected to experience their third weekly decline in four weeks this week. As the selling tide in tech stocks intensifies, the overall risk appetite of the market has been hit, and copper, a metal widely used in data centers and power infrastructure, has not been spared. In the London market, copper futures are trading above $14,150 per ton, with a cumulative decline of nearly 2% this week, continuing the downward trend since reaching a historical high in September. On Friday, the global tech stock market saw an exacerbation of the decline, and the financial reports of major tech companies failed to convince investors that the "AI boom" could continue. Analysts say that the wave of selling in the stock market is putting "huge pressure" on various metals, from copper to gold. Nevertheless, copper prices have still risen by about 14% so far this year.
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Source:Jin10 Data
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