Markets
Copper prices drop for fourth consecutive session amid technology selloff and artificial intelligence concerns
Originally reported by ET Markets as: Copper falls for 4th day, heads for worst week since March on AI rout
6 Nov 2026, 4:54 pm IST · Xecute.finance News Desk
The crisp read
Copper prices extended losses across four straight sessions, heading toward their steepest weekly decline since March due to falling tech shares and artificial intelligence investment anxieties. The three-month London Metal Exchange rate touched late July lows, although tight supply and falling Chinese warehouse stocks limited further drops.
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Copper prices recorded a fourth consecutive session of declines, putting the industrial metal on track for its worst weekly performance since March. The downward movement was primarily triggered by a broader dip in technology shares and mounting market anxiety surrounding artificial intelligence investments. Consequently, the three-month copper contract on the London Metal Exchange slid to its lowest rate since late July. Despite these downward pressures, tight supply conditions outside the United States and a sharp reduction of copper inventories inside Chinese warehouses helped cushion the metal from deeper losses.
Industrial metal valuations often reflect a dual tug-of-war between macroeconomic sentiment and physical supply-demand fundamentals. When speculative selloffs in related sectors like technology spill over into commodities, exchange prices can drop regardless of underlying warehouse stock scarcity. In this environment, regional inventory depletion acts as a buffer against severe price corrections, contrasting the old position of stable industrial demand with current speculative volatility. Commodity traders and corporate supply chain managers should closely monitor London Metal Exchange settlement prices, warehouse inventory reports, and global manufacturing indicators.
Track upcoming trade data from China and technology sector performance metrics for early signs of stabilization or further correction. Bottom line: broader equity selloffs can depress industrial metal prices even when physical warehouse inventories remain tight.
Source: economictimes.indiatimes.com
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