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China industrial output data helps copper to 6-week high
Copper prices touched a near-six week high on Wednesday after positive industrial production data from top consumer China boosted sentiment, but gains were constrained by weakness in the country’s property sector and a higher dollar. Benchmark copper on the London Metal Exchange traded 0.4% higher at $8,265 a metric ton in official rings after earlier hitting $8,284, the highest since Oct. 2. China’s industrial output rose 4.6% in October year-on-year, above the consensus for a 4.4% increase and the strongest since April. But its crisis-hit property sector has yet to see a meaningful rebound despite support ... (full story)