Nickel, Industrial Metals Rise As China Property Optimism Returns
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Base metals are on the rise as Chinese regulators dial back crackdowns on the country’s promising property market
LME copper fell 0.6% to $9 495.50 a metric ton at 5:53 p.m. local time, while aluminium paced declines with a 1% drop, reversing earlier gains of as much as 1%.
As was the case during the October squeeze, buyers on the LME are again paying huge premiums to roll forward front-month contracts.
MARKET WRAPS Watch For: U.S. Trade for August; U.S. ISM Report on Business Services PMI for September; Canada Trade for August; PepsiCo Inc. 3Q results. Opening Call: Stock futures...