Copper rebounded from three straight weekly declines as US-China trade tensions eased and a jump in orders for the metal pointed to stronger demand.
Industrial metals got a lift from improving sentiment on China’s economy and a rise in the yuan. The Asian nation plans to send a delegation to the US later this month, stoking hopes of a revival of trade talks. Meanwhile, orders to withdraw copper from warehouses tracked by the London Metal Exchange climbed the most since 2015 on Monday.
Metal prices plunged last week, sending the LMEX Index to a one-year low, as turmoil fueled by Turkey’s financial