Copper on the LME hit 3-month high

By FXStreet China’s rate cut surprise this week and the risk-on action in the markets is boding well for the base metals pack.

On London Metal Exchange (LME), copper advanced almost 1.5% to $4789/tonne; its highest level since November 2015. Copper advanced more than 2.5% in Shanghai.

The rise in copper is helping mining stocks gain ground. Shares in Antofagasta, Anglo American are up more than 3% in London.
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Source:: FX Street