Copper stocks soar on strong China manufacturing activity

Boliden AB

01/03/2023 08:50

** Shares in European copper miners rise on Wednesday after
better-than-expected manufacturing activity in China, lifting
hopes for improvement in demand
    ** The purchasing managers' index rose at the fastest paste
in a decade to 52.6, above 50.5 seen in a Refinitiv consensus,
and boosting copper prices
    ** Shares in Sweden's Boliden  BOL.ST , Poland's KGHM
 KGH.WA , Anglo American  AAL.L  and Rio Tinto  RIO.L  are all
up 4% to 6%
    ** The European basic resources index  .SXPP  is up 3%

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))