Copper Climbs on Bets Gains in U.S. Economy to Bolster Demand

Copper rose to the highest closing price in two weeks as signs of economic gains bolstered prospects for metal demand in the U.S., the world’s second-biggest consumer.

Government and industry reports this week may show U.S. home purchases climbed in February to the highest in almost two years, according to economists surveyed by Bloomberg News. Separate data from the Commerce Department may signal homebuilding increased. The Copper Development Association says that construction accounts for 40 percent of demand.