Copper climbs for fourth straight session

Copper prices rose on Monday for the fourth straight session with nickel climbing as well as inventories decline. 

Copper futures due in May rose 0.3% to 74,760 yuan per tone, after hitting March 8 highs at 75,320 yuan per tone.

Chinese Stimulus 

Analysts expect the Chinese government to launch a spate of new monetary and financial stimulus in the weeks to come to bolster growth.

China's GDP rose 4.8% in the first quarter, with a slow down due to weaker consumption and exports.

Copper inventories however tumbled 8.2% in Shanghai, while nickel inventories fell 12%.

Copper futures due in May rose 1.6% to $4.81 a pound. 

Nickel

Similarly, nickel spot prices rose 1.8% to 225,280 yuan per tone after scaling March 28 highs.