After disappointing economic data in from China, the world's largest consumer, fed the concerns about demand and that hopes for a further drop in American rates this year have faded, copper and other metals Industries fell on Friday.

The three-month copper reference price on London Metal Exchange fell by 1% to $10,850 per metric ton during the official exchanges at the fish auction, after falling to 10,822 dollars earlier in the session.

The metal was still on the way to making a profit weekly rate of around 1.2%, after briefly crossing the threshold of 11,000 dollars on Thursday. It had reached an all-time high of 11,200. dollars on October 29.

According to Robert Montefusco, broker at Sucden Financial, “copper seemed to be on the verge of reaching new highs at several times last week”. “He is currently braking his growth because the fear of a bursting of the stock market bubble linked to AI is holding us back. But in the longer term, I think copper will go back to the increase.” he said.