“The fact that all the base metals are forging ahead this morning...supports our view that the markets are focused on the nearby Covid-19 recovery. The upturn is also supported by the huge underlying long-term electrification theme,” Fastmarkets head of base metals and battery research William Adams said.
“Nonetheless, we should expect dips along the way and rising bond yields may be a trigger for some to pause for thought,” Adams added.
The yield on US 10-year Treasury notes reached...
