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Copper climbs on positive China industrial data
Copper prices kick started April higher on Monday, as positive industrial data posted by China bolstered demand outlook from the world’s top metal consumer. The most-traded May copper contract on the Shanghai Futures Exchange was up 0.7% to 72,850 yuan per ton by 0146 GMT, having notched 5.4% in March, its biggest monthly gain in 16 months. The London Metal Exchange (LME) is closed on Monday for the Easter Monday holiday. China’s manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday. Though the pace of growth was modest, it was also the highest PMI ... (full story)