Nickel Caps Biggest Weekly Gain Since September on China
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Nickel rose, capping the largest weekly gain since September, amid indications that economies are reviving in the U.S. and China, the world’s biggest user. Copper and aluminum also advanced.
Chinese manufacturing expanded for a fourth month in January, a purchasing managers’ index released today by the country’s statistics bureau and its logistics federation showed. In the U.S., manufacturing grew more than forecast last month and hiring increased, separate reports showed today. The LMEX gauge of six industrial metals climbed 3 percent in January, the second gain in three months.