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- LME Aluminum 3M Select trades $2.25 higher to $3012 at 8:51:10 AM
- LME Copper 3M Select trades $179.50 higher to $14256.50 at 8:51:12 AM
- (Bloomberg) – Copper pared a third weekly loss in four as a selloff in technology stocks eased, mitigating concerns about demand for the metal that’s used in data centers and power infrastructure. Futures — which hit a record high in September — rose as much as 1.3% in London to narrow this week’s decline to about 1.5%. Equities steadied at the start of the European day, offering global investors some respite following renewed pressure on the artificial intelligence trade. Copper remains about 14% higher this year, with gains aided by a major influx of metal into the US on speculation that the Trump administration with introduce a levy on refined metal. Still, there have been some doubts among traders over whether Washington will actually follow through with the move. On the supply front, output may tighten as Chile’s production is expected to fall 8% to 9% this year, according to Finance Minister Jorge Quiroz. That stands to worsen the outlook for a slump in the top mining nation, which has seen pits affected by a string of deadly accidents and extreme weather. In China, a shortage of material is also forcing smelters to deepen production cuts ahead of negotiations on next year’s concentrate supply. Refiners in the country plan to process less concentrate, with some starting maintenance and running at minimal rates, according to people familiar with the matter. Copper was 0.8% higher at $14,186 a ton by 8:38 a.m. local time on the London Metal Exchange. Other metals were also higher, except for nickel, which declined 1.1%.
- CME HRC Steel last traded at $1286 and $0 lower at 10/22/2026
Price Indications
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Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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