Copper Prices Rise on Strong China Data

The Wall Street Journal reported that LME copper prices  are rising on stronger trade data from China.
As quoted in the publication:

The London Metal Exchange’s three-month copper contract was up 0.9% at $4,810 a metric ton in midmorning European trade, having hit an eight-day high earlier in the session at $4,855 a ton.
“[Base] metal prices are being driven up by rising oil prices, firm Asian stock markets and positive Chinese economic data,” said Commerzbank AG in a note.

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