Copper prices rose on Monday, gaining for a second straight session, as optimism about a solution to the eurozone debt crisis and promising manufacturing data from top consumer China boosted investor confidence. "Copper fundamentals have been steady, but prices have been dragged down lately by macroeconomics," China Futures Co analyst Yang Jun said.
Base metals rose across the board, with the most-active January copper contract on the Shanghai Futures Exchange closing nearly 6 percent higher at 54,750 yuan ($8,576.13). The contract rose 1.4 percent on Friday. Zinc rose more than 5 percent in Shanghai and nearly 5 percent in London, while Shanghai lead also gained more than 5 percent.
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