The price of copper fell from a record high closing.

As the current upward trend begins to suppress buying interest, copper prices have fallen from record closing highs. On Thursday, copper prices on the London Metal Exchange fell by 1.9%, ending an eight-day streak of gains. Previously, supply risks exacerbated by disruptions in global mining production, as well as market bets on demand in the artificial intelligence field following the surge in related stocks, had driven up copper prices. Xu Wanqiu, an analyst at COFCO Futures, stated that the rise in copper prices is "significantly suppressing" Chinese demand. Xu Wanqiu added that although domestic copper prices may still hover around 10,500 yuan per ton, as the trading logic based on AI demand still exists, further increases may be difficult to sustain.