Core Viewpoint - The copper prices on the London Metal Exchange (LME) experienced a significant drop of over 3%, reigniting concerns over a potential burst of the artificial intelligence bubble, leading to widespread sell-offs in risk assets [1]. Group 1: Copper Market Performance - On December 12, LME three-month copper fell by $357, or 3.01%, closing at $11,515 per ton, after hitting a record high of $11,952 earlier in the day [1][2]. - The price decline followed a two-week increase, with copper down 0.9% for the week, while Comex copper plummeted 4% to $5.21 per pound [3]. Group 2: Broader Metal Market Trends - All LME metals saw declines, with three-month aluminum down $31.5 (1.09%) to $2,868.5 per ton, three-month zinc down $78.5 (2.45%) to $3,125.0 per ton, and three-month lead down $20.5 (1.03%) to $1,968.0 per ton [2][4]. - Zinc inventories increased by 1,575 tons to 61,925 tons, the highest level since August, indicating potential supply concerns [4]. Group 3: Demand and Supply Dynamics - Analysts suggest that short-term supply disruptions may keep copper prices around $11,000 per ton, but stronger demand, particularly from China, will be crucial for sustaining price increases [3]. - There are signs of price sensitivity among buyers, indicating potential risks to demand [4].
金属普跌 期铜创下纪录新高后重挫，科技泡沫担忧重现【12月12日LME收盘】
Wen Hua Cai Jing·2025-12-13 00:34