Business & Finance
Copper Extends Rebound as Global Technology Stocks Resume Rally
Key Points
Commodities Copper Extends Rebound as Global Technology Stocks Resume Rally Copper extended its rebound from last week’s slump, tracking a rally in technology shares due to the metal’s use in power infrastructure and data centers. The industrial metal has moved in tandem with artificial intelligence stocks in recent months. It had slumped 2.7% to a three-month low last week as concerns rose that the Democrats’ sweep of US midterm elections could mean greater regulation of AI.
Commodities
Copper Extends Rebound as Global Technology Stocks Resume Rally
Copper extended its rebound from last week’s slump, tracking a rally in technology shares due to the metal’s use in power infrastructure and data centers.
The industrial metal has moved in tandem with artificial intelligence stocks in recent months. It had slumped 2.7% to a three-month low last week as concerns rose that the Democrats’ sweep of US midterm elections could mean greater regulation of AI.