Copper advanced in New York on Wednesday rebounding from its lowest price since August 2012 after Morgan Stanley reported that demand for the commodity is reviving in China. May Copper futures increased by 0.9% to $3.4345 a pound earlier on Wednesday session after reaching its 7-month low at $3.388 a day earlier, while it added 0.8% to $7,590 a metric ton on the London Metal Exchange.