COMEX Copper futures have approached near $5 per pound, hitting highest since May 2024 amid steady cues from equities and supportive cues on the demand front. Chinese policymakers have unveiled an action plan to boost consumption, a top policy priority for Beijing. The plan said the government will work to increase income for both urban and rural residents, while also taking measures to boost employment. It pledged to expand trade-in programs for home appliances and cars while vowing to stabilize the nation's stock and property market, which affect consumer confidence.

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