Copper Futures Drop Below $14,000 Amid Technology Stock Selloff
Copper futures fell to an 11-week low on Tuesday, dropping below the $14,000 per metric ton threshold. The price slump, which saw a decline of as much as 3.2% to $13,883 per ton on the London Metal Exchange, was primarily driven by a broader selloff in technology stocks. The downturn in tech equities has diminished overall risk appetite among investors and raised concerns regarding future industrial demand. This shift in market sentiment has clouded the outlook for copper, pushing prices to their lowest levels since mid-August.
