The LME copper one-day spread just spiked hard, trading at a $48/ton premium. That's a pretty sharp jump and worth paying attention to if you're tracking commodity markets. When these spreads widen like this, it usually signals some real tension in the physical copper market—tight supply, delivery logistics being a headache, or traders positioning aggressively. The $48/ton level is notable because it reflects what's actually happening on the ground. These premium moves don't happen in a vacuum; they're telling you something about demand dynamics and inventory pressures. For anyone interested in macro plays or understanding how physical commodity markets interact with broader economic signals, this kind of data is worth monitoring. Copper tends to be a pretty solid barometer for global economic health anyway.