LME Copper Price Climbs as Greek Deal Nears

Copper rose 1.5 percent on the London Metal Exchange to reach $5,736 a tonne. The increase came as manufacturing in China revealed signs of stabilizing as well as speculation that a deal may be nearing between Greece and its creditors, Bloomberg reported.

China is the largest purchaser and producer of copper and Europe is the second-largest market for the metal. Concerns regarding the Greek crisis have weighed heavily on commodity prices in recent weeks, specifically in Europe.

Meanwhile, copper on the Comex climbed 1.4 percent to reach $2.61 a pound.