Base metals prices increased on Friday, buoyed by positive economic data emanating from China. The data indicated a potential resurgence in demand from the world’s largest consumer of metals.

Factors Influencing the Price Increase

• Positive Chinese Data: Stronger-than-expected manufacturing and construction figures from China fueled optimism.
• Increased Demand Expectations: The data suggests a potential increase in demand for base metals in infrastructure projects.
• Investor Sentiment: The positive news improved investor sentiment, leading to increased buying activity.

Specific Metals Performance

Copper, aluminum, and zinc all saw notable gains. Analysts suggest that the upward trend may continue if Chinese economic growth remains robust.

However, some analysts caution that trade tensions between the US and China could still pose a risk to the base metals market.