Copper Futures Gain for a Second Day on Signs of Asian Revival
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Copper futures rose for a second straight day after signs of revival in Asian economies bolstered prospects for demand.
Taiwan’s economy resumed growth last quarter, South Korean production climbed for the first time in four months, and Singapore’s jobless rate fell, separate reports showed. An official gauge due tomorrow may show manufacturing in China, the world’s biggest copper consumer, expanded for the first time in three months in October, according to a Bloomberg survey of economists. Futures ended an eight-session slump yesterday on prospects for Chinese demand.