Shanghai copper climbs

Shanghai Futures Exchange copper climbed by 0.8 percent to 52,330 yuan ($8,283) a tonne on Wednesday on better-than-expected Chinese industrial production figures for the start of the year, but concerns about an escalation in US trade tariffs capped gains. China's industrial output expanded faster than expected at the start of the year, suggesting the world's second-biggest economy has sustained solid momentum despite a crackdown on polluting industries and a campaign to reduce risks in the financial system.
"On the face of it, (the China data) looked fairly positive for me. The fixed asset investment was obviously much better than expected and also the property investment as well," said analyst Daniel Hynes of ANZ in Sydney.