Copper Rebounds From Two-Week Low as Data Signals U.S. Expansion
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Copper rebounded from a two-week low as improving U.S. economic data signaled that the recovery will continue to strengthen and lift metals demand.
Manufacturing in the Philadelphia region expanded in February at the fastest pace in seven years, and an index of U.S. leading indicators rose in January for a seventh straight month, separate reports showed today. The metal has jumped 38 percent in the past year as miners struggled to keep pace with increasing global consumption.