Copper and other industrial metals edged higher due to optimism over Chinese stimulus and expected US rate cuts. The Bloomberg Commodities Total Return index rose 5% in September, supported by the first Federal Reserve rate cut and Chinese stimulus, recovering from a July to early August correction. The index returned 0.7% for Q3 and is up 6% year-to-date. Industrial metal prices rallied following the People's Bank of China's stimulus announcement, which included credit stimulus aimed at boosting metal prices. Despite this, some analysts maintain a cautious view on Chinese activity and its fundamental impact. Copper, in particular, saw gains driven by increased Chinese demand, a recent spike in Chinese equities, and the Fed cut 50.