I just looked at the LME closing prices for the day, and it's rather mixed for metals. Copper fell back, losing $37 to end at $13,248 per ton, but it's not the worst.



What struck me was the drop in nickel and especially tin. Tin plummeted by $725, that's quite a move. Nickel also declined by $73. Meanwhile, aluminum and zinc are holding up well. Zinc's price rose by $54 to $3,397 per ton, and aluminum gained $58.

Lead is also in positive territory, zinc is rising... it's an interesting dynamic. Cobalt, on the other hand, isn't really moving, staying stable at $56,290 per ton. Overall, zinc and some other industrial metals are doing well, while the others are retreating. We'll see if zinc continues its momentum tomorrow.
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