TREE NEWS reports: LME copper closed up $190 at $14,345 per tonne, lifted by a weaker dollar and Chile’s lower production forecast. Aluminium gained $25 to $3,094/t, zinc rose $50 to $3,892/t, nickel added $285 to $15,556/t, tin jumped $786 to $49,659/t and cobalt climbed $15 to $33,525/t. Lead was the sole decliner, slipping $4 to $1,906/t.
LME copper rises to $14,345/t on weaker dollar, Chile output cut
AI take
The breadth of gains across the complex — tin's outsized jump and nickel's move alongside copper — points to a dollar-driven, macro-led session rather than metal-specific fundamentals, with Chile's output cut providing the copper-specific overlay. Lead's lone decline suggests the bid is not indiscriminate. The open question is whether the weaker dollar and supply-side concerns keep driving the complex, or whether the rally fades once the currency effect passes.
Generated by AI for reference only.
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