Copper gains on China COVID restrictions easing


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Comments LONDON: Copper prices climbed on Tuesday as easing lockdown restrictions in top metals consumer China stoked hopes for improving demand, while some bearish investors covered positions. Shanghai set out plans on Monday for ending a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy by disrupting supply chains and forcing factories to shut. The commercial hub of 25 million on Tuesday achieved the long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones. “Shanghai is coming out of lockdown gradually and that is giving rise to demand hopes for cyclical...