China’s rate cut surprise this week and the risk-on action in the markets is boding well for the base metals pack. On London Metal Exchange (LME), copper advanced almost 1.5% to $4789/tonne; its highest level since November 2015. Copper advanced more than 2.5% in Shanghai. The rise in copper is helping mining stocks gain ground. Shares in Antofagasta, Anglo American are up more than 3% in London. For more information, read our latest forex news.