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Copper Rebounds as U.S. Factory Output Beats Estimates

Copper rose in London for the first time in six sessions as factory production topped analyst estimates in the U.S., the world’s second-largest metal consumer.

Output at manufacturers increased in July at the fastest pace in five months and was more than estimated, figures from the Federal Reserve showed today. Global copper inventories monitored by exchanges in London, New York and Shanghai fell for the second straight week.