Copper leads base metal price surge on China relief

23.09.2021

Copper prices shot up 3% on Wednesday on relief that China’s debt-burdened Evergrande would pay interest on a domestic bond, easing fears that the property giant’s troubles might hit the global economy.

Three-month copper on the London Metal Exchange had climbed 3.3% to $9,267 a tonne by 1430 GMT, reversing losses...