Copper rebounds on bargain hunting amid softer dollar, firmer risk appetite

Copper rebounded on bargain hunting supported by a softer US dollar and improved risk appetite after strong earnings from chip giants Micron and Qualcomm reignited the AI rally. LME aluminium rose 0.8 percent to 3,148 dollars per ton, nickel added 0.3 percent to 16,860 dollars amid uncertainty over Indonesia's 2026 production quota, while zinc, lead, and tin posted modest gains of 0.3 to 1.1 percent. ING strategist Ewa Manthey noted the broader macro backdrop remains challenging with higher-for-longer US rate expectations weighing on industrial metals.