Other market participants attributed today’s gains to a risk-off rally induced by China’s gradual return to market amid a fresh slew of supply disruptions to key global mines and smelters, which may lead to more short-term metals demand.
“The overall feel is that there is some bearish exhaustion across the LME base metals complex and market participants are mindful not to push too hard to the downside,” Fastmarkets research analyst Andy Farida said....
