Up for the third consecutive session

The three-month copper contract CMCU3 on the London Metal Exchange (LME) rose 0.5%.

Three-month copper futures on the London Metal Exchange (LME) CMCU3 rose 0.5% to $9,564.50 per ton, near a two-month high reached in the previous session. The contract has gained 3.3% so far this week.

The most actively traded October copper contract on the Shanghai Futures Exchange, SCFcv1, rose 1.3% to 75,870 yuan ($10,751.03) per ton.

The US central bank has begun a monetary easing cycle with a larger-than-usual half-percentage rate cut, boosting global risk assets.

Sentiment was also supported by expectations of further stimulus measures from China to revive economic growth, as the easing by the US Federal Reserve (Fed) allowed Beijing to loosen monetary policy without excessively harming the yuan.

This happened despite China unexpectedly keeping its benchmark lending rate unchanged at its monthly fixed-rate trading session on Friday.

LME aluminum CMAL3 fell 0.1% to $2,536/tonne, zinc CMZN3 rose 0.2% to $2,935, nickel CMNI3 increased 0.5% to $16,415, lead CMPB3 gained 0.6% to $2,087.50, and tin CMSN3 gained 1.2% to $32,200.

Aluminum SAFcv1 on the SHFE exchange rose 0.4% to 20,045 yuan/tonne, nickel SNIcv1 increased 1.1% to 125,800 yuan, zinc SZNcv1 gained 1.1% to 24,200 yuan, lead SPBcv1 rose 1.4% to 16,635 yuan, and tin SSNcv1 surged 2.1% to 261,480 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-23-9-tang-phien-thu-ba-lien-tiep.html