Copper and Silver Majors Lead Base Metals Rally as Industrial Demand Signals Strengthen

Copper and silver have staged a multi-week recovery that is now drawing in some of the sector's largest names. After a period of macro-driven pressure through late April, base and precious-industrial metals have been grinding higher on a combination of restocking demand signals out of Asia and a softening U.S. dollar. Wednesday's session extended that move across the board.
$FCX led copper-linked equities with a 3.7% gain to $60.87, while $TECK added 3.1% to C$61.22 and $SCCO rose 3.0% t…