Copper in London Climbs a Second Day as China Boosts Stimulus
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Copper climbed for a second day after a report that China’s central bank intensified stimulus measures to support growth, boosting the demand outlook in the biggest consumer.
The metal climbed as much as 1 percent on the London Metal Exchange. The People’s Bank of China is injecting 500 billion yuan ($81 billion) into the nation’s five biggest banks, according to a government official familiar with the matter. China’s factory output grew at the weakest pace since the global financial crisis and retail sales growth moderated, government data showed Sept. 13.