Metal Bulls See Hope of Reprieve as China Injects $161 Billion

Metal bulls got some reprieve from the biggest sell-off in six years as China’s plan for more stimulus helped spark rebounds for nickel, copper and zinc.

China is planning at least 1 trillion yuan ($161 billion) in bonds, and potentially a multiple of that, to fund construction projects amid the struggling economy, according to people familiar with the matter. Copper is used in pipes and wiring, while nickel and zinc go into stainless-steel production.