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Macro

LME copper closes up $30 at $14,522/tonne; aluminium falls, zinc gains

London Metal Exchange copper closed $30 higher at $14,522 a tonne, while aluminium settled $13 lower at $3,288 a tonne. Zinc finished up $38 at $3,920 a tonne. The moves came in the latest LME close for the three base metals.

Original source

AI take

The dispersion matters more than the copper headline: copper and zinc firming while aluminium slips suggests metal-specific positioning rather than a single macro pulse driving the base complex. For RWA and tokenized-commodity watchers, the takeaway is that intraday LME closes remain the reference point any on-chain metals product must track, and divergence within the complex is where tracking error tends to surface. Whether zinc's larger gain relative to copper persists into the next close is the open question.

Generated by AI for reference only.

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