Copper falls to four-month low as weak demand and Fed rate worries weigh
LME copper dropped to a four-month low as investors worry about soft industrial demand, uncertainty in the AI sector and possible tighter Federal Reserve policy.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
According to Reuters, copper on the London Metal Exchange fell to its weakest level since July, down 1.5% at $13,610 a metric ton on Thursday. Selling picked up after the New York open, when news broke that Nvidia CEO Jensen Huang is stepping down, which the market read as a blow to the artificial intelligence sector.
The dollar is gaining on expectations of Fed rate increases, as officials voice concern about stubborn inflation and leave open a 50-basis-point hike at the December 8-9 meeting. A stronger dollar makes metals pricier for buyers using other currencies and could curb demand. Panmure Liberum analyst Tom Price said overall industrial copper demand was soft, with falling technology shares adding pressure.
why it matters
Copper is sensitive to both industrial demand and dollar moves, so weaker tech shares and hawkish Fed expectations are hitting the metal at the same time. Aluminium is moving differently: the cash-to-three-month premium on the LME hit a 36-year high above $175 a ton, driven by historically low warehouse stocks. Zinc, lead, tin and nickel changed little.
market impact
Copper and metals: weak demand and a stronger dollar pressure prices
- Copper pressure down — soft industrial demand and worries about the AI sector
- US dollar pressure up — expectations of further Fed rate increases
tags
instruments
on polymarket
sources
- Copper hits four-month lows; focus on demand, AI and US rates — Reuters, 12 November 2026 at 17:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗