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Copper prices climb amid lower LSE stocks
The price of copper increased by 0.4% to reach $13,881 per ton, driven by a decline in warehouse stocks on the London Metal Exchange due to strong demand for the metal, which led to inventory levels dropping to their lowest in three months. This rise occurred despite earlier pressures stemming from market uncertainty and a decline in global equities, particularly in the technology and artificial intelligence sectors. Meanwhile, other base metals such as aluminum and tin experienced declines.
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