TREE NEWS reports: LME copper fell $278 to close at $14,078 per ton, leading a broad decline across London Metal Exchange base metals. Aluminum dropped $32 to $3,010/ton, zinc lost $84 to $3,671/ton and tin slid $1,159 to $50,089/ton. Nickel fell $114 to $16,120/ton and lead shed $12 to $1,898/ton, while cobalt was unchanged at $34,620/ton.
LME copper closes down $278 at $14,078/ton; tin falls $1,159
AI take
The breadth of the selloff matters more than copper's drop itself: every LME base metal except cobalt moved lower, which points to a macro or risk-sentiment driver rather than a single-metal story. Tin's outsized decline stands out relative to its smaller absolute move, a sign that the higher-beta contracts are being hit hardest. Cobalt's flat close is the one pocket of stability worth noting. Whether this proves a one-session risk-off move or the start of a broader repricing across industrial metals is the open question.
Generated by AI for reference only.
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