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17-Jan2019

Copper futures end higher on China stimulus hopes

Copper futures ended higher on Wednesday, buoyed by signs of more stimulus from world's top metals consumer China as it aims to achieve 'a good start to 2019' in the first quarter. In a sign of improving liquidity, Chinese banks extended far more new loans in December than expected, bringing last year's tally to a record $2.4 trillion.

Copper futures for March delivery rose 1.5% to settle at $2.674 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.84 percent at $5,970 a tonne.


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