Copper Rises to Record as China May Say Growth Beat Estimates

Copper rose for a third day in New York and reached a record in London on speculation that China may say economic growth topped estimates, boosting the demand outlook, and inflation slowed.

The country’s economy expanded by 10.3 percent last year, Phoenix Television reported today. The broadcaster cited an unidentified official with the People’s Bank of China. Inflation was at 4.6 percent in December, it said, which would be less than the prior month’s 5.1 percent annual pace. The figures are scheduled for official release tomorrow.