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Base Metals Are Back in a Bull Market

  • Mining companies undergoing a renaissance: Investec’s Wrathall
  • Data shows China’s factory gauge at highest in almost 2 years
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London Metal Exchange Index Enters Bull Market

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Mining shares climbed to the highest in 15 months as Chinese factory data added to signs of an improving economy in the top consumer of raw materials. Producers are set to benefit from increasing demand that has already pushed prices for industrial metals into a bull market.

Reports from China showed a gauge of manufacturing held near a two-year high for a second month and services increased. The London Metal Exchange Index, tracking six metals contracts, is near its highest in more than a year and moved into a bull market last week.