Copper supported by hopes interest rates may soon peak

"The bounce in metal prices and more broadly other risk assets comes from hopes that perhaps inflation has peaked or is possibly past its peak," said Duncan Hobbs, research director at Concord Resources. (File pic shows copper smelting in Peru,)

LONDON: Copper prices rose on Monday, supported by rising imports of the industrial metal by top consumer China and on hopes that interest rates may peak soon after rapid increases aimed at curbing inflation.

Further advances came after the New York open when U.S. equities rose, traders said