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Macro

LME copper closes up $3 at $14,621/t; zinc gains $54

London Metal Exchange copper closed $3 higher at $14,621 per tonne, with zinc up $54 at $3,955/t and lead up $14 at $1,934/t. Aluminium fell $5 to $3,250/t, while nickel rose $20 to $16,501/t and tin added $12 to $54,010/t. Cobalt was unchanged at $39,640/t.

Original source

AI take

The near-flat copper close alongside a firmer zinc and lead suggests the base-metals complex is trading on divergent micro drivers rather than one macro impulse, with aluminium the lone decliner. For RWA and tokenised-commodity watchers, this dispersion matters more than the headline print: it widens the spread between metals that often move together, which is exactly the kind of basis that on-chain commodity products must track accurately. Whether zinc's outperformance persists or fades back toward copper's flatline is the open question.

Generated by AI for reference only.

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