Industrial Metals Advance as US Job Data Eases Economic Concerns

Base metals rose after a surprising up-tick in US job openings alleviated some concerns about the impact on the global economy from President Donald Trump’s wide-ranging tariff spree.

Aluminum and zinc gained on the London Metal Exchange, while copper held near its highest close since April 2, the day that Trump unveiled plans for his sweeping “Liberation Day” tariffs. Iron ore also rebounded after falling in consecutive sessions.

Markets have been boosted by a risk-on mood after data on Tuesday showed there’s resilience in the US labor market, with demand for workers robust. That helped temper concerns the global economy ...