The AI infrastructure boom has driven up copper prices, but geopolitical risks are still holding back, making the long-short battle quite interesting.

CoinJiewang News reports that ANZ Bank research and analysis analysts stated in a report that, supported by the global artificial intelligence boom, the market’s outlook for copper demand has turned more optimistic again, benefiting copper prices. During early trading in Asia, London Metal Exchange (LME) three-month copper rose 0.2% to $13,554 per ton. Even so, overall, the base metals trend was mixed, as concerns about the Middle East situation and potential tariff measures restrained market sentiment, and signs of difficult peace talks between the U.S. and Iran may not end anytime soon. ANZ Bank also pointed out that an increase in U.S. copper imports has raised concerns about tightening global supply.