Copper

AI take

Copper is trading a two-sided physical-and-demand tape after a mega-mine pause failed to lift the metal as doubts about the AI trade after Alphabet's miss and Amazon's miss pushed investors to rethink near-term data-centre demand. Rio Tinto separately said Oyu Tolgoi copper production rose in the third quarter, while concentrate tightness and tariff-driven inventory concentration in the US still support the physical bid. Watch Chinese industrial prints, remaining hyperscaler comments, and whether Grasberg's delayed return to full capacity still leaves a supply gap.

Scheduled take · 2026-10-31T04:10:04Z

• Benzinga -- A mega-mine pause failed to lift copper as the AI trade cracked