LONDON - Copper prices rose in London on Wednesday, helped by easing concerns about the banking sector, while the broader base metals market continued to look for further evidence of China's demand recovering.

Metals prices bounced back in recent days as stronger risk-on sentiment, with banking sector woes subsiding, improved market confidence.

Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $9,044 a tonne in official open outcry trading.

Global shares and oil rose on Wednesday. The rise in metals prices was limited by a stronger dollar, which makes dollar-priced metals costlier for buyers with other currencies. The dollar rose against major peers on Wednesday, pausing its recent declines.

Demand from China, the world's largest copper consumer, is expected to start recovering in the second quarter of 2023, and this should support prices, analyst Sudakshina Unnikrishnan at Standard Chartered Bank said.

"But the evolution of the macro landscape, the dollar moves and risk appetite will be key in driving price moves and setting sentiment," Unnikrishnan added.

China's factory activity probably grew at a slower pace in March, a Reuters poll showed on Wednesday, suggesting the economic recovery is uneven in the light of weak global demand and a property slump.

LME aluminium rose 0.9% to $2,409.5 a tonne in official activity, zinc added 1.8% to $2,990, tin was up 0.7% at $25,950, lead was up 0.8% to $2,151, while nickel rose 1.4% to $24,400.

(Reporting by Polina Devitt; additional reporting by Enrico Dela Cruz in Manila; editing by Tomasz Janowski and Mark Potter)