RSS SubscribeBase Metals Head Higher on Report of China Borrowing Boost
By Jack Ryan – Yahoo Finance
Base metals were broadly higher as global equities rallied and Reuters reported that China’s policymakers are planning to boost bond sales.
Nickel, zinc and aluminum all rose more than 1% on the London Metal Exchange, while copper also advanced. China may sell a record 3 trillion yuan ($411 billion) of special treasury bonds next year, Reuters reported, a move aimed at bolstering the slowing economy.
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