TREE NEWS reports: London Metal Exchange base metals closed mostly higher, with three-month copper rising $259 to $14,492 a tonne. Aluminium gained $32 to $3,302/t, zinc added $69 to $3,882/t, lead rose $24 to $1,910/t, nickel climbed $123 to $16,290/t and tin jumped $762 to $53,186/t. Cobalt was the sole decliner, falling $340 to $39,780/t.
LME base metals close higher; copper up $259/t to $14,492
AI take
The broad-based LME rally matters because it is a cross-metal move rather than a single-contract spike, and copper's gain is the largest among the majors, suggesting macro or currency drivers rather than metal-specific news. Tin's outsized jump stands out for an industrial metal that feeds electronics and solar supply chains, while cobalt's decline against the grain hints at divergent battery-metals demand. Whether cobalt's weakness persists as the lone outlier is the open question.
Generated by AI for reference only.
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