Copper Rises to Record, Aluminum, Nickel Climb as China Grows

Copper rose to a record on signs demand will remain robust in China, the world’s biggest consumer of the metal used in cars, homes and appliances. Aluminum and nickel climbed to two-year highs.

China’s manufacturing expanded last month, according to data from the country’s logistics federation and a purchasing managers’ index from HSBC Holdings Plc and Markit Economics. Global economic growth of 4 percent this year and next will mean similar gains in industrial-metals demand for both years, led by increases for aluminum and nickel, Credit Agricole SA said.