RE:1st nickel and now copper...There is no comparison between the 2. Copper ran up too quickly due to a short squeeze and now it is settle down to where it should be at around $4. However, $4 for us is money in the bank and I suspect we will close out the year at around $4.50.
Nickle was a debacle by the LME.
The only thing that can kill copper in my opinion is if electric cars and AI go bye bye.
Having said all that I do think we will weaken a bit further but nice pop today.