Economics
Copper Rises Most in Three Weeks on China Manufacturing Growth
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Copper rose the most in three weeks in London after reports showed manufacturing strengthened last month in China, the world’s biggest consumer of the metal.
An official manufacturing gauge reached a 16-month high of 51 and a separate measure from HSBC Holdings Plc and Markit Economics jumped the most in three years to 50.1. Readings above 50 indicate expansion. Prices also climbed after Bank of America Merrill Lynch said inventories of copper held in Chinese bonded warehouses plunged.