China eased its monetary policy by cutting its reserve requirement rate (RRR) by 0.5% to 8.4%.
Markets are taking some comfort from early signs that cases of the Omicron Covid-19 variant have tended to be mild.
Three-month prices on the LME were mostly up by an average of 0.3% on the morning of December 7, with the exception of copper, which was down by 0.8% at $9,501.50 per tonne.
The most-traded base metals contracts on the SHFE were also mixed, with the January aluminium and February nickel contracts down by 0.2% and 0.5% respectively, while the rest were up by an average of 0.3%. January...