China demand hike pushes base metals up

09.12.2022

Copper rose on Thursday on hopes that an easing of coronavirus controls in top consumer China will increase demand, with Goldman Sachs predicting prices could reach a record high of $11,000 in a year.

Benchmark copper on the London Metal Exchange (LME) was up 0.5% at $8,501.50 a tonne at 1122...