TREE NEWS reports: London Metal Exchange copper closed down $189 at $13,399 per tonne, with nickel sliding $241 to $15,985 per tonne and aluminium off $20 at $3,010. Zinc shed $6 to $3,710 and lead gained $8 to $1,894, while tin rose $48 to $46,700 and cobalt was flat at $33,525.
LME copper falls $189 to $13,399/tonne; nickel down $241
AI take
The breadth of the decline across copper, nickel and aluminium, set against gains in tin and lead, points to rotation rather than a uniform risk-off move in industrial metals. Copper's drop carries the most weight given its role as a growth barometer, and the split between falling base metals and firmer tin and lead is the detail worth noting. Whether this divergence persists or converges into a broader move 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
4m ago
US Supreme Court to Review Trump’s Southern Border Asylum Ban
9m ago
Speculative Brent crude net longs fall to four-month low of 133,860 lots
10m ago
Goldman Sachs cuts Brazil equities to neutral, upgrades Mexico
14m ago
TD Securities’ McKay: Gold Vulnerable to Fed Repricing as Bullish Buyers Thin
15m ago
Gold Heads for Worst Weekly Drop Since June as Fed Rate-Hike Bets Rise
25m ago
Shanghai crude oil futures rise 1.63% in night trading to 617 yuan/barrel