Print Print edition: 2011-10-29

Shanghai copper gains

Published Updated

Shanghai copper rose on Friday, with prices headed for their biggest weekly gain in more than five years, after US economic growth accelerated and eurozone leaders unveiled a plan to prevent the two-year-old debt crisis from spreading. The most-active January Shanghai copper rose 2.1 percent to 59,250 yuan a tonne by 0712 GMT after jumping by its daily limit of 6 percent earlier in the session.
Prices climbed for a sixth straight session, bringing the weekly gain to about 15 percent - the most since May 2006.