Industrial Metals Rise on Hopes China to Bolster Stock, Property Markets

Base metals rose on the Shanghai Futures Exchange after China’s state-owned media said Beijing authorities are set to implement measures to bolster its stock and property markets.

Copper surged to its highest in more than three weeks. China has been under pressure to implement new stimulus measures as the world’s biggest metals consumer has struggled to emerge from it post-pandemic economic torpor, with the construction sector particularly hard hit.