Copper Set for Second Weekly Advance on Signs of China Recovery

Copper gained, poised for a second weekly advance, after signs that China’s economy is rebounding raised expectations that consumption in the world’s largest user will increase next year.

Metal for delivery in three months rose 0.2 percent to $7,728 a metric ton on the London Metal Exchange at 3:18 p.m. in Shanghai, after falling as much as 0.6 percent. It’s gained 1.6 percent this week, extending last week’s 0.5 percent climb.