Copper leads base metals higher on China demand hopes
From brecorder.com
Copper and other industrial metals prices rose on Tuesday on hopes that protests against COVID-19 curbs in China will lead to a faster easing of the rules that have stifled economic growth and metals demand. Bets on such a loosening also pushed up global stock markets and oil prices as investors snapped up riskier, growth-linked assets. Chinese regulators meanwhile made it easier for property developers to raise money, a boost for a metals-intensive sector struggling with a debt crisis. The yuan strengthened against the dollar, making dollar-priced metals cheaper for Chinese buyers. Benchmark copper on the London ...
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