China commodity bulls see big gains after near-term Covid pain

The shape of China’s recovery will help steer world commodities after they eked out a gain of around 7% last year. — Reuters

BEIJING: China’s abandonment of zero-Covid is stirring hopes that a demand recovery in the world’s biggest commodities importer will boost prices once the country gets over the current virus wave.

Beijing’s retreat from virus controls since early last month has aided sentiment across raw materials.