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Industrial metals rallied on Tuesday amid positive headlines from the US. Supporting the metals, the POBC stated that it will adjust its monetary policy to stimulate slowing economy. Limiting the upswing, Charles Plosser, Fed member, warned that current measures of the Fed may not stimulate US growth and may even jeopardize the bank's credibility.
Aluminum added 1.2% on encouraging comments from the POBC and upbeat US property market data. However, high inventory levels at the LME warehouses continued to cap gains of the light metal.
Copper rose on hopes that the POBC will put more efforts to boost national economy.
Nickel was the top-gainer despite weak steel demand and elevated inventory levels. Rising optimism over China's economy helped the metal to advance by 2.36%.
Zinc climbed 1.57% on improved risk-appetite among investors after inspiring POBC comments and upbeat US data.