Shanghai copper climbed on Wednesday as investors reacted to China’s plan to expand its strategic reserves. The most-active copper contract on the Shanghai Futures Exchange climbed 2.45% to 103,120 yuan ($14,864.57) a metric ton as of 0330 GMT. The benchmark three-month copper on the London Metal Exchange, meanwhile, dipped 1.11% to $13,328.50 a ton. China will expand its copper strategic reserves, an official at the state-backed China Nonferrous Metals Industry Association said on Tuesday, adding that it will also explore creating a commercial stockpiling system led by state-owned enterprises. The top copper ... (full story)