Copper futures extended their recent pullback, declining for the sixth time in seven sessions for a cumulative drop of 7.1% and touching their lowest level since June 26 at $6.1410. Already soft industrial demand faced additional pressure from a selloff in technology stocks following leadership changes at Nvidia, raising questions around the pace of AI data center and power grid infrastructure buildouts. Meanwhile, hawkish remarks from Federal Reserve officials pushed Treasury yields and the U.S. dollar higher ahead of scheduled remarks from New York Fed President John Williams.
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