Copper prices rise after China data, but suffer sharp weekly losses

Copper prices rose after some mixed economic readings from China, the largest importer. But prices of the red metal suffered sharp losses during the week after stimulus measures from the country were largely disappointing.

Benchmark copper futures on the London Metal Exchange rose 0.3% to $9,056.50 a tonne, while December copper futures rose 0.5% to $4.0968 a pound. Both contracts fell between 4% and 5% this week, their worst decline since early July.

Data on Friday showed a slight improvement in the Chinese economy, as industrial production grew less than expected in October, as did fixed asset investment.

But retail sales were a bright spot, rising more than expected over the Golden Week holiday.



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