Metals Push Higher With Focus on Outlook for China as 2025 Opens [Yahoo! Finance Canada]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Copper climbed more than 1% in London, after closing on Tuesday at the lowest level since March, ahead of the market's Jan. 1 break. Zinc, nickel, aluminum, and lead also gained. In China, the Caixin manufacturing purchasing managers index held above 50 for a third month in December, although it was down on-month, pointing to a bumpy recovery of the top metals-consuming economy. The LMEX Index of six metals on the London Metal Exchange closed out 2024 with a modest gain of about 4%, as softer Chinese demand was offset by flashes of supply stress on falling inventories and mine supply shortages. For the year to come, investors are focused on whether there'll be a recovery in the nation's embattled property sector, a key demand pillar for metals, as well as the potential impact of trade frictions from Donald Trump's US presidency. Copper traded 1.1% higher at $8,866.50 a ton on the LME at 11:09 a.m. in Shanghai. Zinc gained 1.2% to $3,014 a ton, following
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