Nickel has led another advance in metal prices, lifting mining stocks and the broader sharemarket, as traders digest the fallout from the Politburo meeting.
The metal has been under pressure as a raft of data in recent weeks has showed the post-virus rebound in China, which consumes around half the world’s copper, is stuttering. Unlike in previous slowdowns, Beijing is depriving metals of a safety net by not deploying any big-ticket spending on infrastructure or property.
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