Copper fell to $13,778 a tonne, its lowest since July.

Goldman Sachs says 45% of planned US data-centre capacity sits in states likely to restrict it.

Traders shipped copper into the US ahead of a promised tariff of at least 15%, so 90% of warehouse stocks now sit there.

Deutsche Bank analysts say copper bears need a recession, while bulls need only the current trend.

Trump still holds the executive power to impose the refined-copper tariff.

How each outlet framed it
Financial Times News
links copper's fall to Goldman's estimate that Democrat-led states hold about 45% of planned US data-centre capacity

Sources: Financial Times News