COMEX Copper futures bounced from a three week low amid supportive Asian equities today. The red metal is tracking some positive developments in China as Covid related lockdowns are eased a bit. COMEX Copper has soared 1% to $4.74 per pound today. Chinas bank lending increased notably in March, data from the Peoples Bank of China showed on Monday. Bank extended CNY 3.13 trillion local currency loans in March, which was also above the expected level of CNY 2.67 trillion. Lending had totaled CNY 1.23 trillion in February.
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