Copper, Industrial Metals Climb as China Credit Tops Estimates
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Copper rose to a one-week high and aluminum rebounded from an 11-month low as credit growth expanded more than forecast in China, the world’s largest user of industrial metal.
Aggregate financing was 1.35 trillion yuan ($216 billion) in February, China’s central bank said Thursday. That topped the median estimate of 1 trillion yuan by analysts surveyed by Bloomberg. Nickel, zinc and lead also rose in London.