LME copper closes up $162 at $14,420/tonne; aluminium, zinc, lead, nickel, tin also gain

A broad, synchronised move across every base metal on the LME is a macro signal rather than a single-story one — when copper, aluminium, zinc, lead, nickel and tin all close higher together, the driver is usually shared sentiment or currency and rate expectations rather than metal-specific fundamentals. Cobalt sitting unchanged while the rest of the complex rallies is the notable outlier, and the divergence is worth watching as a hint about where demand signals are actually concentrated. Whether copper holds these levels, or the move fades with the same macro impulse that produced it, is the open question.