Germany Saxony CPI (MoM) rose from previous 0.2% to 0.3% in October

Copper hit a record on the LME yesterday, topping its previous high of $11,104.50/t set in May 2024. A supportive macro backdrop, falling US Dollar (USD), rate cuts and low inventories have lifted industrial metals prices recently, ING's commodity experts Ewa Manthey and Warren Patterson note.