Copper Advances on Expected Supply Shortfall; Aluminum Climbs
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Copper advanced from London to Shanghai as an expected global supply deficit this year and gains in Asian equities today helped support prices. Aluminum also advanced.
Three-month copper on the London Metal Exchange gained as much as 0.6 percent to $9,687 a metric ton and traded at $9,680 at 3:15 p.m. Singapore time. April-delivery metal on the Shanghai Futures Exchange closed 1 percent higher at 72,000 yuan ($10,935) a ton.