The price of the industrial metal, which is used in everything from electric vehicles to energy infrastructure, fell 22.5 percent from a record high of $10,845 a ton in March ongoing recession fearsa stronger US dollar and the slowdown from China’s strict COVID-19 measures.

But in November, the metal posted its biggest monthly gain since April 2021, climbing nearly 11 percent on the London Metal Exchange as China began to ease virus restrictions.

The clearer path to a…

Source link