Copper prices remain near record levels, supported by AI-driven data centre demand, global electrification, tight mine supply and geopolitical disruptions. Despite recent volatility and correction from highs, prices are consolidating at elevated levels. Structural demand from EVs, renewables and infrastructure continues to keep the long-term outlook firmly bullish.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of