Copper Near Three-Week High After China Data Exceeds Estimates
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Copper traded near the highest level in three weeks as China’s export and import growth in April exceeded estimates. Aluminum, tin, zinc and lead also advanced.
Copper for delivery in three months on the London Metal Exchange rose as much as 0.7 percent to $7,315.50 a metric ton and was at $7,290 at 2:27 p.m. in Shanghai. Copper advanced to $7,374 yesterday, the highest since April 15.