LME copper closes down $218 at $13,679/tonne; aluminium, nickel also fall

The breadth of the move matters more than copper's single-session drop: every LME base metal except cobalt closed lower, which points to a common macro or sentiment driver rather than a copper-specific story. That distinction shapes who is exposed — producers and traders across the complex, not just copper books. Cobalt's unchanged print is the odd detail worth noting, since it suggests the selling was not uniform across the exchange. Whether this proves a one-day risk-off episode or the start of a sustained repricing is the open question.