In a positive turn, base metal prices, led by copper, experienced an upswing in London trading.

Analysts noted a noteworthy 0.5% climb in three-month copper on the London Metal Exchange, reaching $8,404 per ton during official open-outcry trading.

Maintaining levels just above a 15-year low at 170,000 tons, these stockpiles provided a supportive backdrop for base metal prices.

Simultaneously, the euro zone faced a more extensive decline in business activity, primarily in Germany, the region’s largest economy.

From a technical perspective, copper’s progress is meet with resistance at the 21-day moving average, positioned at $8,433.