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Base metals buoyed as Beijing bends on COVID-19 controls

Small changes to China's COVID controls have been bullish for markets, but analysts remain cautious

Nathan Richardson
“The government is rolling back some restrictions, but cases are already surging, and the Chinese health care system cannot handle a massive outbreak,” Jefferies said.

“The government is rolling back some restrictions, but cases are already surging, and the Chinese health care system cannot handle a massive outbreak,” Jefferies said.

Base metals markets have been buoyed by hopes that changes to China's pandemic controls herald an expedited exit to Beijing's Covid-zero policy - while analysts are taking cautious tones in their outlooks...

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