Copper prices fall on fears of AI backlash

Copper prices have experienced a significant drop recently, driven by concerns over a potential backlash against AI technology. This shift comes after copper saw a surge earlier this year due to expectations of high demand from AI data centers. The change in market sentiment is partly fueled by the recent political landscape in the US, where a Democrat victory in the midterms has raised fears about possible regulatory shifts impacting tech infrastructure. This development underscores the volatile nature of commodity markets and their sensitivity to broader economic and political trends.