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Copper and Aluminum Drop as AI Selloff Saps Appetite for Risk

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Commodities Copper and Aluminum Drop as AI Selloff Saps Appetite for Risk Copper and aluminum retreated as investor angst around overheated spending on artificial-intelligence infrastructure fueled uncertainty about the demand outlook for the metals. AI and technology stocks dropped across global markets following warnings the rapid buildout of data centers will become more difficult to finance. South Korea’s equity benchmark — which has been correlated with copper prices at times this year...

Commodities Copper and Aluminum Drop as AI Selloff Saps Appetite for Risk Copper and aluminum retreated as investor angst around overheated spending on artificial-intelligence infrastructure fueled uncertainty about the demand outlook for the metals. AI and technology stocks dropped across global markets following warnings the rapid buildout of data centers will become more difficult to finance. South Korea’s equity benchmark — which has been correlated with copper prices at times this year — slumped as much as 7%.
Aluminum Drop (ORG) South Korea’s (LOCATION)
Originally published by Bloomberg Markets Read original →