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Copper Soars As China Demand Jumps
AI Stock Support Copper prices are soaring higher today with the futures market up 2.8%, now up almost 5% on the week. There are a few factors combining to help support copper prices here. Firstly, the rally comes amidst a broad improvement in risk sentiment today linked to the rally we’re seeing in Asian semiconductor stocks and AI stocks in general. Given copper’s use in chip building, the rally in AI stocks has big bullish implications for the copper demand outlook and given the supply issues currently dogging the metal, this lift in demand expectations is creating explosive price action. Better China Demand ... (full story)
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