COMEX copper futures rebound, LME nickel futures surge nearly 3%

On November 5, according to Jinshi Data, the US Democratic Party's victory in both legislative chambers dampened expectations for copper import tariffs and AI computing power, while tight global spot supplies drove Comex copper futures to rebound.

LME nickel futures surged nearly 3% in a single day, as Indonesia explicitly warned to "beware of resources being bottom-fished."