Shanghai copper climbs

14 Dec, 2010

Copper prices rose almost 2 percent in Shanghai on Monday, dragging London to a record high, on positive technical signals and strong data from China over the weekend. Shanghai copper closed 1,160 yuan higher at 68,480 yuan. Shanghai copper was expected to rise to 69,690 yuan as it had broken resistance at 67,620 yuan, according to Reuters market analyst Wang Tao.

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