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Macro

LME Copper Rises $94 to $14,510/T; Most Metals Mixed

London Metal Exchange copper settled $94 higher at $14,510 per metric ton. Aluminum gained $18 to $3,312, zinc rose $38 to $3,984, and tin climbed $275 to $55,141. Lead fell $8 to $1,900, nickel dropped $131 to $16,715, and cobalt declined $1,490 to $44,940.

Original source

AI take

Copper's modest gain against a mixed complex points to selective buying rather than broad demand strength. The sharp divergence—cobalt's steep drop versus tin's advance—highlights commodity-specific fundamentals at play. For metals traders, the question is whether copper can sustain its uptick without broader support from industrial metals, or if this is a temporary repricing. Watch whether the mixed pattern persists, as it would signal that macro headwinds are being offset by supply-side constraints in certain metals.

Generated by AI for reference only.

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