Copper Futures Advance as Chinese Inflation Eases Policy Concern
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Copper rose the most since January, leading industrial metals higher after weaker-than-estimated Chinese inflation eased concerns that the government will tighten monetary policy to slow growth.
Consumer prices increased 2.1 percent in March from a year earlier, China’s statistics bureau said today. That compares with the 2.5 percent median estimate of analysts surveyed by Bloomberg News. The nation is the world’s biggest user of copper. Metal prices also climbed after aluminum producer Alcoa Inc.’s first-quarter earnings exceeded analysts’ estimates.