Copper Prices Rise on Renewed AI Optimism

Copper futures climbed toward $6.55 per pound on Tuesday, recovering from multi-week lows as Anthropic’s IPO filing reignited investor enthusiasm for the artificial intelligence trade.

Copper remains essential to the global AI expansion due to its widespread use in data centers and power infrastructure.

Investors are also awaiting earnings reports this week from South Korean chipmakers Samsung and SK Hynix, as well as major US technology firms, including Amazon, Alphabet, and Microsoft, for further insight into the outlook for AI-driven demand.

Meanwhile, copper prices hit record highs last month as traders diverted shipments to US warehouses ahead of potential tariffs, tightening supplies in other major markets.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →