Key Facts
The copper-tracking fund CPER closed at US$39.34, a sharp 2.58% day-on-day gain reflecting a powerful rally in futures markets.
Shares of Southern Copper surged 5.43% to US$185.00, as the Lima- and Mexico City-headquartered miner rode higher metal prices and a broad risk-on move.
Freeport-McMoRan jumped 5.75% to US$63.44, making the US- and Indonesia-focused producer one of the session’s standout industrial gainers.
China’s Politburo signalled fresh infrastructure spending, directly lifting demand expectations for the world’s largest refined copper consumer.
