LME Copper Falls $59 to $14,216/T

Copper's decline stands out against a mixed base metals session, but the sharpest signal is cobalt's 10% plunge, which dwarfs moves in other metals and hints at sector-specific pressure rather than a broad demand shift. The divergence between nickel's gain and copper/zinc losses suggests traders are weighing supply narratives over macro cues. What matters next is whether cobalt's slide accelerates or stabilizes, as it could indicate inventory or substitution dynamics that ripple through battery supply chains. For copper, the modest drop keeps the focus on whether industrial demand signals justify current levels.