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Copper hits one-week high on Chinese property stimulus hopes
Prices of most nonferrous metals rose on Tuesday as investors and traders bet on improving demand from top consumer China after leaders pledged support to its troubled property market. Three-month copper on the London Metal Exchange advanced 1% to $8,597.50 per metric ton by 06098 GMT, having hit a one-week high of $8,604 earlier in the session. The most-traded August copper contract on the Shanghai Futures Exchange climbed 0.9% to 68,970 yuan ($9,653.58) per metric ton. The contract also hit its highest since July 17 earlier in the session at 69,080 yuan. “There are more signs that the government will boost its ... (full story)