Most base metals advanced on Monday after a private survey showed China’s factory activity improved in September, largely due to a rebound in domestic demand.
FUNDAMENTALS
* PRICES: The base metals complex mostly rose, with London nickel climbing 0.9%, zinc increasing 0.4%, and lead advancing 1.4%. Shanghai zinc and lead rose 0.1% each, while nickel rose 0.4%.
In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.