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Copper Prices Climb to Record Close as China Imports Rebound

Copper futures closed at a record high in New York after imports by China rebounded from the lowest level in a year.

Shipments of copper and products into China, the world’s largest user, rose 29 percent in November to 351,597 metric tons from October. Total imports in the 11 months ended Nov. 30 gained 0.7 percent to 3.95 million tons. Copper has jumped 43 percent since July 1, partly on demand from emerging markets.