金属普跌 期铜持续下跌，科技股估值担忧蔓延 【11月18日LME收盘】

Group 1 - LME copper prices fell for the third consecutive trading day, reaching a near two-week low due to a broad sell-off in risk assets, driven by concerns over high valuations in the tech sector and fading hopes for Federal Reserve rate cuts [1] - As of November 18, LME three-month copper dropped by $59, or 0.55%, closing at $10,719.5 per ton, with an earlier decline of 1.1% to $10,660.50, marking the lowest point since November 5 [1][2] - Other base metals also experienced declines, with LME three-month aluminum down by $33.5, or 1.19%, closing at $2,780.0 per ton, and LME three-month zinc down by $5, or 0.17%, closing at $2,989.0 per ton [2][4] Group 2 - Concerns over mining supply led to a decline from the historical high of $11,200 per ton for copper, a drop of approximately 4.3% [4] - Freeport-McMoRan announced plans to restart block cave mining operations at the Grasberg mine in Indonesia starting in Q2 2026, aligning with previous guidance, following a production halt due to a fatal accident in September [4] - The market is awaiting the release of U.S. employment data for September, which was delayed due to a government shutdown, impacting risk appetite in the context of AI influences and uncertainties regarding the Federal Reserve's next actions [4]