Copper prices hit a near-six- month high yesterday as the base metals sector staged a broad advance amid mounting optimism that China's economy was on course for a rapid recovery, helped by its government's stimulus package.
Copper rose 2.4 per cent to $4,670 a tonne after spiking to $4,925 a tonne in Asian dealing hours.
Traders said there had been exceptionally heavy volumes traded in Shanghai, equivalent to 4.75m tonnes, following news of record Chinese copper imports in March, up 13.8 per cent compared with the previous month.
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