Copper prices climbed on Thursday, following a broader rally in metals as Chinese traders resumed activity after a week-long holiday. Futures on the London Metal Exchange (LME) surged by as much as 1.2% shortly after the opening of China’s main bourse, reflecting a strong buying sentiment.
The rally extended to other major LME contracts and iron ore futures in Singapore, signaling renewed optimism in the commodities market. The holiday break had temporarily dampened trading activity in Asian markets, but the return of Chinese traders brought a surge in demand.
Analysts noted that the positive mood among traders was a key driver behind the price increases, with copper and other metals benefiting from the renewed market participation.