Commodities
Base Metals Head Higher on Report of China Borrowing Boost
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Base metals were broadly higher as global equities rallied and Reuters reported that China’s policymakers are planning to boost bond sales.
Nickel, zinc and aluminum all rose more than 1% on the London Metal Exchange, while copper also advanced. China may sell a record 3 trillion yuan ($411 billion) of special treasury bonds next year, Reuters reported, a move aimed at bolstering the slowing economy.