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Industrial metals surged to fresh records on Wednesday, with copper and tin leading a rally driven by supply disruptions, speculative buying in China, and growing demand from AI data centers and the energy transition. The gains came despite headwinds from a stronger dollar, as fundamental supply constraints outweighed currency pressures.Benchmark three-month copper on the London Metal Exchange advanced to a new record high of $13,400 per ton, while tin soared more than 5% to $52,495—surpassing its prior peak set in 2022. On the Shanghai Futures Exchange, copper reached 105,650 yuan ($15,046) per metric ton, and tin's 8% surge triggered the exchange's upper price limit at 413,170 yuan.
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