Copper Gains to Highest in Three Weeks on China Demand Optimism
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Copper climbed to the highest level in three weeks on speculation that demand may improve in China, the biggest user.
Copper for delivery in three months gained as much as 1.4 percent to $7,374 a metric ton on the London Metal Exchange, the highest level since April 15, and was at $7,290 at 12:51 p.m. in Shanghai. The metal recorded the biggest daily advance in 18 months on May 3. The LME reopened after a holiday yesterday.