Base metal prices, including copper nickel and zinc, have been hit hard by China’s surprise interest rate rise, but analysts have mixed views on whether prices will rise later in the year as the country continues down its route of supply side reform. Photo: Reuters

Base metal prices fall on PBOC rate rise leaving analysts with mixed views on outlook

Mining capex at lowest level in a decade, and lack of investment in new growth over past three years has left firms with limited ability to increase volumes

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Base metal prices, including copper nickel and zinc, have been hit hard by China’s surprise interest rate rise, but analysts have mixed views on whether prices will rise later in the year as the country continues down its route of supply side reform. Photo: Reuters
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