“Sentiment had been buoyed by hopes that China is making progress towards an exit from strict lockdowns,” commodity strategists at ANZ said in a note.
Copper for delivery in July rose 2.62% from Wednesday’s settlement price, touching $4.28 per pound ($9,433 per tonne) midday Thursday on the Comex market in New York.
Click here for an interactive chart of copper prices
The most-active June copper contract on the Shanghai Futures Exchange ended daytime trading down 0.3% at 71,530 yuan ($10,576.04) a tonne.
Related: China’s metal exports storm higher to fill gap left by war
(With files from Reuters)
