Copper Advances on Speculation Central Banks to Issue Stimulus

Copper climbed for a second day on speculation that central banks will extend monetary easing and as South Korea reported the fastest economic growth in two years. Aluminum and tin also advanced.

Copper for delivery in three months on the London Metal Exchange gained as much as 1 percent to $7,101 a metric ton and was at $7,042 by 4:28 p.m. in Tokyo. The metal rose 2.3 percent yesterday, the most since April 9. Futures for delivery in July on the Comex gained 0.9 percent to $3.192 per pound.