METALS-Copper climbs as dollar hits multi-year lows; aluminium surges on weak stock
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Copper prices increased as the U.S. dollar fell to its lowest level in nearly four years, with the Shanghai Futures Exchange reporting a 0.72% rise to 103,510 yuan per metric ton. Aluminium also surged, climbing 4.54% in Shanghai and 2.21% in London, driven by low inventories and strong demand. Other base metals like zinc and tin also saw gains, while nickel experienced a decline. Goldman Sachs raised its aluminium price forecast for the first half of the year due to these factors.
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