Copper in London Climbs to Five-Week High; Tin Jumps to Record
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Copper advanced for a fifth day to the highest level in more than five weeks after China’s imports rebounded last month, fueling optimism that demand is robust in the world’s largest metals user. Tin jumped to a record.
Three-month-delivery copper on the London Metal Exchange climbed as much as 0.7 percent to $9,944.75 per metric ton, the highest price since March 4, and was at $9,891.75 at 4:22 p.m. in Singapore. The contract also climbed on speculation the dollar may weaken further. Tin surged to a record $33,600 a ton.