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Copper prices advance on factory output and imports

2012-12-11 13:49 China Daily     Web Editor: qindexing comment

Copper advanced to its highest level in 7 weeks as industrial metals gained after data showed China bought more metal than a month ago and industrial production accelerated to the fastest pace in 8 months.

Metal for March delivery rose 0.9 percent to close at 57,980 yuan ($9,301) a ton on the Shanghai Futures Exchange. Industrial production in China, the largest user, gained 10.1 percent in November from a year ago, the National Bureau of Statistics said.

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