LME期铜再创新高，受供应担忧提振

Group 1 - LME copper prices reached a new high due to global supply concerns and escalating geopolitical risks, overshadowing the pressure from a stronger US dollar [1][2] - Shanghai Futures Exchange's copper futures for March closed up 0.85% at 104,120 yuan per ton, earlier hitting a record high of 105,650 yuan [1] - Concerns over copper supply shortages and production disruptions have driven prices higher, alongside potential tariffs affecting copper flows to the US [1] Group 2 - The price of tin has surged, with Shanghai and LME tin prices reaching historical highs, increasing by 23.6% and 30.4% respectively in January [2] - Analysts suggest that the rise in tin prices is driven by speculative trading rather than fundamental changes in demand, particularly in the semiconductor sector [2] - The strong demand for tin is linked to the anticipated growth in metals used for semiconductor manufacturing, benefiting from the AI boom [2] Group 3 - High prices are suppressing downstream consumer demand, indicating potential downward risks as supply growth may exceed expectations [3] - Shanghai nickel futures for February fell by 0.11% to 140,940 yuan per ton, while other metals like aluminum and lead also saw slight declines [3] - LME nickel prices increased by 1.13% to 17,880 dollars per ton, while zinc prices rose by 0.53% to 3,218.50 dollars per ton [3]