copper Prices reached 8-week highs on Monday, as a recovery of economic activity in China among consumers amid the lifting of restrictions due to mers have raised expectations of a higher demand, and the country's Central Bank announced further stimulus measures.
Copper on the London metal exchange (LME) on the official auction closing at 5 266 USD. Metal prices, which are widely used in power and construction, earlier today it was 5 $ 370 per ton, the highest since March 16 and the growth of more than 20% since March 19.
"base metals react to signs of economic activity in China is recovering and approaching normal state," said Dan Smith, managing Director of Commodity Market Analytics. "Chinese data show improvement".
Aluminium gained 0.4% to 1 490,5 USD, zinc fell 0.1% to 2 002 US dollar, lead gained 0.4% to 1 650 USD, while Nickel fell 0.6% to 12 256 USD per ton.
