China demand increase hopes push non-ferrous base metals up

16.06.2022

Copper and aluminium prices rebounded on Wednesday as investors bet that better-than-expected economic data from top metals consumer China foreshadowed an uptick in demand.

Three-month aluminium on the London Metal Exchange rose 0.7% to $2,589 a tonne by 0945 GMT after slipping 2.2% on Tuesday and hitting its lowest level since...