Shanghai copper prices on Wednesday rose to their highest in more than five months as traders pinned hopes on potential rate cuts in China, while better-than-expected manufacturing numbers in the top consumer also boosted the sentiment. The most-traded copper contract on the Shanghai Futures Exchange closed at its highest since Jan. 17 at 49,350 yuan ($6,982.96) a tonne, and the three-month copper on the London Metal Exchange rose to as high as $6,094 a tonne, a level unseen since Jan. 23. China’s factory activity last month grew at its fastest level since December, while the country is expected to cut some interest ... (full story)