Copper Advances on Positive Chinese Data

Bloomberg reported that copper continued to gain on Thursday, pushed along by economic optimism coming from China.

As quoted in the market report:

A purchasing managers’ index climbed to 56.1 in December, China’s statistics bureau and its logistics federation said. Copper advanced the most since September yesterday after lawmakers in the U.S., the second-largest copper user, passed a bill to avoid tax increases and spending cuts. Lead reached the highest price in 16 months today.

To view the whole Bloomberg report, click here.