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LME copper closes up $82 at $14,084/t; nickel and cobalt fall

London Metal Exchange copper closed $82 higher at $14,084 per tonne. Aluminium rose $7 to $3,252/t, zinc gained $30 to $3,824/t and tin added $87 to $51,966/t. Lead slipped $8 to $1,874/t, nickel dropped $357 to $15,977/t and cobalt fell $525 to $40,675/t.

Original source

AI take

The session splits the battery-metals complex from the rest of the base metals: copper, aluminium, zinc and tin firmed while nickel and cobalt — the two most exposed to EV supply chains — sold off hard. That divergence matters because it suggests the weakness is specific to battery demand and inventory rather than a broad macro risk-off move. Whether nickel and cobalt keep decoupling from copper is the open question, since a sustained gap would signal shifting sentiment on the energy transition trade.

Generated by AI for reference only.

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