TREE NEWS reports: London Metal Exchange base metals closed lower across the board, with copper down $166 to $14,309 a tonne. Tin posted the steepest decline, falling $2,832 to $51,447/t, while nickel dropped $182 to $15,553/t and aluminium shed $66 to $3,050/t. Zinc, lead and cobalt also weakened, with cobalt flat at $39,245/t.
LME copper closes down $166 at $14,309/t; tin leads base metals slump
AI take
A broad-based LME selloff led by tin rather than copper suggests the pressure is not a single-metal story but a wider industrial-metals repricing, with tin's outsized move doing the heavy lifting while cobalt held flat. That divergence matters for anyone tracking battery and electronics supply chains, where tin and cobalt sit at different points of the demand cycle. Whether tin's slide proves idiosyncratic or drags the rest of the complex lower is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
NASSCOM Says US H-1B Suspension Conflates Immigration and Talent Mobility
8m ago
Fed’s Musalem: Nominal Yields Rising Partly on Higher Real Rates
9m ago
Kyiv Attack Kills 4, Injures 19; Power Grid Hit
13m ago
Trump Awards Musk National Medal of Science
18m ago
Fed’s Musalem: Inflation Too High, More Tightening Needed, Rates Should Rise in 6-9 Months
18m ago
Hurricane Isaias Strengthens, Forces Florida Evacuations and Gulf Energy Shutdowns