Copper Slips as Tech Selloff Weighs on Metal Sentiment
Three-month LME copper fell 0.3% to $13,797.50 a ton as weak tech stocks and doubts over data center demand weighed on the metal, ANZ says.
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what happened
Copper is slipping in early Asian trading, with the three-month contract on the London Metal Exchange (LME) down 0.3% at $13,797.50 a ton, according to Market Talk.
Weakness in technology stocks has dampened sentiment across the copper market, ANZ Research said in a note. The bank notes that investors fear any slowdown in data center construction could curb metal demand.
At the same time, ANZ sees continued tightness in China's physical market, where smelters have cut output because processing margins are weak.
why it matters
Copper is caught between two forces: worries about slower data center spending weigh on demand expectations, while lower Chinese smelter output helps keep physical supplies tight.
market impact
Copper: weaker data center demand pressures the price, while Chinese smelter cuts provide support
- LME copper mixed — data center demand worries weigh, while Chinese smelter cuts support the physical market
tags
instruments
on polymarket
sources
- Copper Falls on Weak Sentiment in Technology Stocks — Market Talk, 6 November 2026 at 02:24 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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