China’s outlook has been buoyed over recent days by a series of positive stories. The reduction of some Covid restrictions by the National Health Commission, rumours of China planning its exit from Covid Zero, a 16-point property plan to reduce the chances of a property sector collapse, and the thawing of some US-China tensions have all helped lift sentiment. This positive sentiment can support expectations of more demand for industrial metals from China. China is the world’s biggest user of copper, which is mainly used in construction, so this could mean the range of China’s support measures provides support for ... (full story)