Reported about 23 hours ago
Base metals experienced a significant increase as global equities surged, driven by reports that China is planning to enhance bond sales to support its slowing economy. Nickel, zinc, and aluminum saw rises of over 1% on the London Metal Exchange, with aluminum climbing 1.6% after a spike in withdrawal orders from LME warehouses. This development comes amidst concerns about Chinese demand and potential trade turmoil with the incoming U.S. administration.
Source: YAHOO