Copper Rises to 26-Month High as Chinese Manufacturing Expands
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Copper jumped to a 26-month high in New York after a report showed manufacturing accelerated in China, the world’s biggest metal consumer.
China’s purchasing manager’s index rose to 53.8 in September from 51.7 in August, signaling the fastest expansion in four months, data from the country’s logistics federation and statistics bureau showed. Copper also rose as the dollar fell to the lowest level since January against a basket of six major currencies, bolstering the investment appeal of the metal.