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Copper Rises as Chinese Factory Gauge Spurs Stimulus Speculation

Copper rose in London as contracting Chinese manufacturing fueled speculation about economic stimulus in the world’s biggest consumer of the metal.

China’s official Purchasing Managers Index released Sept. 1 slid to 49.2 in August, the first reading since November below the level of 50 that divides expansion and shrinkage. The Federal Reserve may engage in more stimulus as needed to fuel growth in the U.S., the second-biggest copper user, Chairman Ben S. Bernanke said Aug. 31 in Jackson Hole, Wyoming.