Market rally lifts Shanghai copper
China Daily | Updated: 2009-09-16 08:05
Copper climbed from an eight-day low in Shanghai as a rally in equities helped dispel concern that demand for the metal may be slowing.
Futures gained for the first time in three days after the Standard & Poor's 500 Index on Monday advanced to its highest level in almost a year.
The metal, used in plumbing and electrical cables, dropped as much as 4.2 percent on Monday as global inventories expanded and on the risk of a widening trade dispute between China and the US.
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