Copper Advances in London as U.S. Factory Report Buoys Outlook
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Copper prices rose in London for the first time in three sessions after a report showed industrial production increased more than forecast in the U.S., the world’s second-biggest consumer of the metal.
Output at factories, mines and utilities advanced 0.4 percent last month after a 1.4 percent decline in August, the Federal Reserve said today. The median estimate in a Bloomberg survey of economists was for a 0.2 percent rise. Copper also climbed as two German lawmakers said the country is open to Spain seeking a precautionary credit line, bolstering optimism that Europe can contain its debt crisis.