Copper Rises First Time in Five Days on U.S., China Data
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Copper climbed for the first time in five days after economic data raised expectations that demand will improve in China and the U.S., the two largest users.
Metal for delivery in three months rose as much as 0.4 percent to $7,978.25 a metric ton on the London Metal Exchange, before trading at $7,958 at 2:06 p.m. in Shanghai. Copper fell to $7,920 yesterday, the lowest level since Dec. 31. Futures for March delivery on the Comex in New York gained 0.2 percent to $3.615 per pound.