Economics
Copper Advances as Growth Speeds Up in Leading Consumer China
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Copper rose in New York to the highest in a week after economic growth sped up for the first time in two years in China, the world’s largest user.
Gross domestic product expanded 7.9 percent from a year earlier in the fourth quarter, China’s statistics bureau said today. That exceeded the previous period’s 7.4 percent increase and the 7.8 percent median forecast in a Bloomberg survey of economists. Copper prices climbed the most in two weeks yesterday on better-than-expected U.S. homebuilding data.