Copper Extends Drop as AI Stocks Weigh Ahead of Fed Meeting
Copper extended last weekโs drop as artificial intelligence stocks came under further pressure, sapping risk appetite ahead of the Federal Reserveโs policy meeting.
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Copper extended last weekโs drop as artificial intelligence stocks came under further pressure, sapping risk appetite ahead of the Federal Reserveโs policy meeting.
Copper closed Friday 23 October at US$6.54 a pound, down 1.23% on the week, as Chileโs Centinela mine ended a ten-day strike with a three-year contract. The post Copper Falls 1.23% as Chile Mine Strike Ends appeared first on The Rio Times.
Copper recovered about half of Thursday's loss as the CPER fund rose 1.53%, while Southern Copper and Freeport-McMoRan gained less than 1%. The post Copper Fund Gains 1.53% as Southern Copper Rises 0.77% | Copper, Oct 23 appeared first on The Rio Times.
Copper headed for a third weekly loss in four as a selloff in technology stocks deepened, sapping risk appetite across markets including for the metal thatโs used in data centers and power infrastructure.
Glencore's US$40 million funding for Orion Minerals is unconditional, so a South Africa mine is targeting copper and zinc output by the end of 2027. The post Glencore Funds US$40M South Africa Mine appeared first on The Rio Times.
Ivanhoe Electric Inc. is in advanced talks with prospective buyers for copper from its project in Arizona, as the rapid expansion of data centers and power grids stokes demand for the metal.
A Soviet-born US investor with ties to President Donald Trumpโs administration plans to expand his copper investments in Armenia and is betting on a broader opening of the region as Washington moves to strengthen its economic presence.
Beyond floral markets, the inflationary crunch has extended to other core components of the celebrations
Since Donald Trump came back into office, copper has surged on a seismic reshuffling of global inventories linked to the risk that heโll impose tariffs on the metal. But as Trump nears the halfway mark on his second term, the marketโs many bulls are growing wary that prices could crash if he doesnโt follow through.