Comex copper futures rebound as LME nickel futures surge nearly 3%

TechFlow reported on November 5, citing Jin10 Data, that the U.S. Democratic Party's victory in both chambers severely weighed on expectations for copper import tariffs and AI compute, but tight global spot supply drove a rebound in Comex copper futures.

LME nickel futures surged nearly 3% in a single day, as Indonesia explicitly warned: "Beware of resources being bought on the dip."

Source: TechFlow