German Finance Minister Klingbeil said opponents of the special fund are the same people whose ideology has led to long-term neglect of the country’s infrastructure.

LME three-month copper rose as much as 0.8% to $14,533/tonne, hitting a record high and surpassing a January peak, as markets price in expectations President Trump could extend U.S. tariffs to refined metal imports. Copper is up about 17% over the past year, supported by a structural supply shortfall as ageing large mines struggle to meet demand from data centers, renewables and grid investment. Short-term flows have amplified the move: traders have shipped tens of thousands of tonnes to the U.S. to capture higher domestic prices. The rally comes roughly two months after the U.S. Commerce Department submitted tariff recommendations to the White House, and markets continue to factor in the possibility of tariffs.

Shanghai crude (SC) main contract rose 4.00% intraday to 716.40 yuan/barrel.