HomePoliticsMetals rise on expectations of China economic rebound

Metals rise on expectations of China economic rebound


He Li , Harry Dempsey

Copper and iron ore prices rose as China reopened its sprawling economy, with benchmark copper breaking above $9,000 a tonne on Wednesday for the first time since last June.

In China, the world’s largest consumer of commodities, prices for a range of metals linked to the country’s real estate sector, including copper, steel and aluminum, rose sharply as restrictions were lifted, although some analysts and traders predicted the gains might not lasts a whole year.

Carolyn Bain, commodities economist at Capital Economics (…

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