NewsSignals AI analysis·Reuters·Oct 29, 2026

Copper slips on concerns over AI demand, high US inventories

Grade Bbearish AI signal$HG

Copper prices fell 0.9% as concerns over uncertain AI-related demand and surging US inventories weighed on investor sentiment. LME copper slipped to $14,352 per metric ton, while US-linked warehouse inventories have climbed 60% this year to 726,039 metric tons; tight Chinese supply and decade-high import premiums provide a counterweight. Copper could face further pressure if US tariff inaction reduces import demand and AI infrastructure spending fails to deliver the expected boost to consumption.

Bullish strength: 35/100

Tight supply in China is reflected in surging copper premiums.
The Yangshan copper premium reached $205 per ton, its highest level in more than a decade.

Bearish strength: 65/100

LME copper fell 0.9% amid concerns over AI-related demand.
US-linked copper inventories have risen 60% this year to 726,039 metric tons.
Potential US tariff inaction could reduce import demand and weaken support for copper 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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