Copper Climbs for Second Day on U.S. Home-Sales Data
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Copper futures advanced after new home sales rose to the highest in more than two years in the U.S., the world’s second-biggest consumer of the metal.
Home purchases climbed 4.4 percent to a 377,000 annual pace in November, the most since April 2010, following a revised 361,000 rate in October, Commerce Department data showed today. In China, the top copper user, profit at industrial companies rose for the third straight month.