Copper Rises as Inventories Fall With China Meeting in Focus

(Bloomberg) — Copper rose along with most other base metals as inventories fell and investors braced for demand signals from China’s annual parliamentary meetings.

The country’s political elite are gathered in Beijing for the National People’s Congress, with economists expecting it to set an economic growth target of around 5% for 2024.

The inclusion or absence of major new policy initiatives in areas like real estate and infrastructure should steer industrial metal markets in the coming days, ING Groep commodity strategist Ewa Manthey said.