Asian stock markets bounced off a two-month low and were headed for their best day in seven weeks.
The world's second-largest economy is expected to set its GDP growth rate target at 5.5%-6% this year at its annual parliament meeting that opens on March 5, Iris Pang, chief economist, Greater China at ING, said in a note.
"We are all keeping a close eye on the parliament meeting, expecting more policy supports to military and/or property sectors," a Shanghai-based trader said.
Meanwhile, concerns about global supply also eased. The Panamanian government and Canada's First Quantum are nearing an agreement on their negotiations over the contract to operate a major copper mine, Ebrahim Asvat, a lawyer advising the government on the negotiations told Reuters on Tuesday.
LME aluminium rose 1.8% to $2,415 a tonne, tin climbed 3% to $25,710, lead gained 1.6% to $2,137, nickel added 2.4% at $25,400, and zinc advanced 2.6% to $3,079.50. SHFE tin was up 0.1% at 209,820 yuan, aluminium added 1.1% at 18,675 yuan and zinc climbed 1.7% to 23,530 yuan, while nickel fell 1.3% to 195,620 yuan. For the top stories in metals and other news, click or ($1 = 6.9001 Chinese yuan) (Reporting by Siyi Liu and Dominique Patton; Editing by Subhranshu Sahu and Eileen Soreng)
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