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Copper Gains a Second Day as China Stimulus Boosts Demand

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Copper prices rose, capping the biggest two-day rally in 15 months, on speculation that economic stimulus will spur demand in China, the world’s top consumer of industrial metals. Aluminum to zinc also gained.

China’s central bank granted $50 billion yuan ($8.1 billion) of relending quotas as support for micro businesses and the agricultural industry, and a government commission approved a plan to build urban rail networks in Jinan, Shandong province. In two days, copper climbed 3 percent, the most since Sept. 19, 2013. On Jan. 14, the price plunged to a five-year low.