Copper prices surged by nearly 2% as Monday LME trading as...

Copper prices surged by nearly 2% as Monday LME trading as European investors got their first chance to celebrate the robust “official” Chinese PMI data released over the weekend. The latter metal was also given a boost from a Bank of America Merrill Lynch report which concluded that inventories of copper held in Chinese bonded warehouses had recently plunged. However the gains seen in other base metals were less formidable – indeed, tin and zinc were little changed, while LME nickel prices actually fell on the day.