Shanghai copper gains

The most-active July copper contract on the Shanghai Futures Exchange inched up 0.7 percent to close at 58,250 yuan ($9,200) per tonne on Thursday, after sliding more than 2 percent in the prior session. Base metals followed Asian equities and the euro higher as concerns about the euro zone debt crisis eased slightly, said Li Rong, analyst at China Futures Co.
"If China's GDP figures are much lower than forecast, we could see a lot of selling afterwards. But for now, I see copper trading above $7,800 in London and 57,500 yuan in Shanghai," said CIFCO Futures analyst Zhou Jie.