Investors' appetite for industrial metals is growing

Copper prices on the London Metal Exchange rose 0.4 percent. Copper on the LME market is valued at $ 4,594.50 per tonne with a 3-month supply.

A new company, Trade 12, has appeared in the circle of brokers, with which traders can also trade metals, in addition to the Forex currency. Reviews about Trade12 indicate the possibility of one-click trading within 24 hours a day, using a PC or phone, having negative balance protection and the opportunity to take advantage of the regularly provided technical analysis of the market.

In the commodity markets, the situation now looks more optimistic after information appeared about the stimulation of the economy by the European Central Bank and the improvement of China's trade.

On Wednesday, the ECB entered a new sphere of stimulating the eurozone economy and began buying up corporate bonds. The bank is buying debt from some of the largest companies in Europe.

Chinese imports fell 0.4 percent in dollar terms and rose 5.1 percent in yuan. The decline in imports in US dollars is the smallest since the end of 2014. And this information has a positive impact on the metals markets, as investors perceive it as a signal that domestic demand in China is improving. In addition, passenger car sales in China have been growing for the 9th month over the past 10 months.

"Better data on China's imports and the ECB's actions to stimulate economic growth in Europe are factors + + of the recovery in metals prices," said Michael Turk, economist at BGC Partners Inc. in NYC. The Chinese economy consumes most of the world's raw materials and has a strong influence on prices, including metals.