Copper Rises on Prospects for Japanese Stimulus, U.S. Jobs Data
- Mining stocks in America advance to highest level in a year
- Nickel climbs on concern Philippine audit will hit production
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Copper helped lead a rally of industrial metals as prospects for stimulus in Japan and better-than-estimated U.S. jobs data boosted the outlook for commodities demand. Mining stocks in the Americas rose to the highest in a year.
An election win by Japanese Prime Minister Shinzo Abe’s ruling coalition on Sunday raised speculation the government will spur growth through new spending. Better-than-expected U.S. payrolls figures on Friday also eased concerns about the U.S. economy.