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LME copper closes up $60 at $14,408/tonne; cobalt falls $1,110

London Metal Exchange copper closed $60 higher at $14,408 per tonne, with aluminium up $14 at $3,002 and zinc up $28 at $3,692. Nickel rose $142 to $15,363, tin gained $259 to $50,384, and lead added $8 to $1,889. Cobalt was the outlier, dropping $1,110 to $35,705 per tonne.

Original source

AI take

The split is the story: base metals closed broadly firmer, with tin and nickel leading, while cobalt's sharp drop leaves it the clear laggard on the board. That divergence matters for anyone tracking battery-metals exposure versus industrial-metal demand, since the two are usually discussed as one complex. Copper's gain is modest in the context of the session, so the broader tone reads as steady rather than directional. Whether cobalt's weakness is an isolated move or the start of a wider battery-metals repricing is the open question.

Generated by AI for reference only.

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