Copper Rallies With Industrial Metals as Inventories Decline

Copper rallied to the highest level since June, leading gains in industrial metals, as inventories continued falling and a manufacturing gauge showed sustained growth in China, the biggest user.

Copper for delivery in three months on the London Metal Exchange climbed as much as 1.3 percent to $7,457.50 a metric ton, the most since June 5, and traded at $7,446.75 by 3:39 p.m. in Shanghai. Prices retreated 7.2 percent last year.