TREE NEWS reports: London Metal Exchange copper closed $166 lower at $14,244 a tonne, with the base metals complex broadly weaker. Aluminium fell $46 to $3,123/t, zinc dropped $106 to $3,724/t, lead slipped $16 to $1,857/t and nickel lost $294 to $15,634/t. Tin also closed $106 lower at $3,724/t, while cobalt was unchanged at $39,140/t.
LME copper closes down $166 at $14,244/t; nickel, zinc also fall
AI take
The uniformity of the selloff across copper, aluminium, zinc, lead, nickel and tin matters more than any single close: this reads as a broad base-metals risk move rather than a copper-specific story. Cobalt holding flat is the one exception, hinting the pressure is concentrated in the exchange-traded industrial complex rather than the battery-metals chain. Whether cobalt's steadiness persists if the wider complex keeps sliding is the open question.
Generated by AI for reference only.
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