Copper and tin prices reached record highs on Wednesday, propelled by a convergence of tightening supply and intensified speculative activity. Despite the headwinds of a strengthening U.S. dollar, market sentiment remained bullish as investors reacted to escalating geopolitical tensions and the prospect of new U.S. trade tariffs. The rally in copper is primarily attributed to ongoing mine-level disruptions, which have severely constrained global output. These supply-side pressures have been exacerbated by a buying spree from speculative traders, positioning for further volatility in the industrial metals sector. Tin mirrored this upward trajectory, recording significant price gains alongside broader increases across the base metals complex. The simultaneous rise across multiple commodities suggests a systemic shift in market risk appetite, driven by long-term concerns over resource availability and shifting trade policies.