"Investors grew more confident a disorderly default [had been] avoided
after a real estate unit of the group managed to negotiate a debt resolution yesterday [Wednesday]," LME Desk analyst at Marex, Anna Stablum, said on Thursday morning.
The real estate developer also had $83.5 million in dollar-bond interest payments due on Thursday. "The Chinese central bank injected the most money in eight months, 110 billion yuan [$17 billion], to soothe markets," Stablum added.
Copper's three-month price was seen at $9,346 per tonne on Thursday morning,...