NewsSignals AI analysis·Reuters·Oct 23, 2026

Copper rebounds as inventories, stock markets stabilise

Grade Bbullish AI signal$HG$NICKEL$ALI$ZINC$LEAD$TIN$NDX

Copper rebounded 0.8% to $14,190 a metric ton as global stock markets stabilised and concerns over rising inventories eased following the previous session's 1.9% sell-off. LME copper stocks rose by just 800 metric tons on Friday after jumping 20% over the past week, while Shanghai-registered warehouse inventories fell 26.5% weekly. Copper could remain volatile, with potential further losses if prices break below the September low of $13,925, while excess U.S. inventories and tariff uncertainty continue to weigh on sentiment.

Bullish strength: 60/100

Copper futures rebounded 0.8% to $14,190 per metric ton.
Global stock markets stabilised as the technology-share sell-off eased.
The daily increase in LME copper inventories slowed to 800 metric tons.
Shanghai-registered copper warehouse inventories fell 26.5% weekly.

Bearish strength: 40/100

Copper had fallen 1.9% to a five-week low in the previous session.
Further losses are possible if copper breaks below the September low of $13,925.
Large U.S. copper inventories and tariff uncertainty continue to weigh on prices.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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