Copper rises on China data


    London copper edged up on Wednesday as solid manufacturing and services data from top consumer China boosted optimism, but a stronger US dollar capped gains.

    Three-month copper on the London Metal Exchange rose 0.2 percent to $6,593.50 a ton, having risen as much as 0.9 percent earlier in the session. The most-traded November copper contract on the Shanghai Futures Exchange dipped 0.1 percent to 51,000 yuan ($7,486.24) a ton.

    China’s factory activity extended solid growth in September, official and private surveys showed, as the nation’s exports engine revved up on improving overseas demand and underlined a steady economic recovery from the coronavirus shock.