Base metals prices rose in London on Thursday, supported by unexpected growth in factory activity in top metals consumer China and a vote of approval from the U.S. House of Representatives to suspend the debt ceiling. Benchmark copper on the London Metal Exchange (LME) rose 2.1% to $8,260.5 a tonne by 1023 GMT. The metal used in power and construction fell by 5.9% in May. ING expects copper prices to remain volatile in the coming days, reacting to any policy change in China, and to average $8,500 per tonne in 2023. “In the near term, copper prices are likely to continue to be dictated by the pace of China’s economic ... (full story)