{
  "id": 18117058,
  "title": "Copper rebounds from 3-month low as tightness offsets tariff, AI fears",
  "url": "https://urgent.news/2026/11/04/copper-rebounds-from-3-month-low-as-tightness-offsets-tariff-ai-fears",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-04T11:47:28.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447394/copper-rebounds-from-3-month-low-as-tightness-offsets-tariff-ai-fears"
  },
  "original_language": "en",
  "account": "Copper prices rose on Wednesday from their lowest in three months due to factors such as healthy demand and shortages outside the US, which countered initial fears about the impact of the US election on tariffs and AI data centres. The benchmark three-month copper on the London Metal Exchange increased by 0.5% to $14,103 a metric ton by 1115 GMT, after falling up to 1.5% to its lowest since August 3. The sharp decrease was primarily a knee-jerk reaction to the outcome of the US elections on Tuesday, where Democrats gained control of both the Senate and House of Representatives, according to Ole Hansen, head of commodity strategy at Saxo Bank. He explained that investors initially anticipated copper to be adversely affected, as market expectations for tariffs might be lowered. Additionally, concerns about the AI trade emerged, given the growing significance of data centres in the final stages of the election. The US tariffs on refined copper spurred significant metal flow towards the US, resulting in shortages in other regions and supporting prices. However, any announcement indicating that tariffs would not be imposed would release the excess and negatively influence the market. Copper prices were further bolstered by consistent demand and a scarcity of the metal in the top consumer, China. The Yangshan copper premium, a measure of imported metal demand, remained close to $200 a ton, which is its highest level in more than a decade. Commodity prices were also supported by a recovery in global stock markets and a weaker dollar index, which made commodities priced in US dollars cheaper for buyers using other currencies. Among other metals, aluminium increased by 1% to $3,075 a ton, zinc rose by 1.3% to $3,839, lead gained 0.3% to $1,890, nickel climbed by 2.2% to $15,685, and tin rose by 0.9% to $47,850.",
  "summary": "LONDON: Copper prices rebounded on Wednesday from their weakest in three months as initial fears about the impact of the US election on tariffs and AI data centres were offset by healthy demand and shortages outside the US. Benchmark three-month copper on the London Metal Exchange was up 0.5% at $14,103 a metric ton by 1115 GMT. It earlier fell as much as 1.5% to its lowest since August 3. The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}