London copper rose on Monday as risk sentiment steadied after concerns over the Omicron coronavirus variant sparked a heavy sell-off last week.
Three-month copper on the London Metal Exchange rose 1.5 percent to $9,602 a ton. The most-traded January copper contract on the Shanghai Futures Exchange fell 1.1 percent to 70,300 yuan ($11,010.87) a ton.
South African scientists discovered the Omicron variant last week, and since then, it has been detected in places including Australia, Britain, Canada, Germany and Hong Kong.
However, little is known about the new strain.
Asian stock markets regained a little composure as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central banks.
