LME copper closes up $59 at $14,768/t

The broad advance across base metals, led by copper, suggests a risk-on session rather than a single-metal catalyst. Tin's outsized move and cobalt's sharp decline stand out, pointing to divergent supply-demand narratives within the complex. For market watchers, the key question is whether this reflects durable demand signals or a short-term positioning shift, particularly as lead's flat close hints at a lack of uniform momentum.