Copper advances despite 48.7 PMI in China

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Source: Commodityonline

Copper price increased on Friday even despite reports on low PMI in China that was 48.7 in December while reading below 50 indicates contraction. However, the metal found support in the increasing pending home sales in the US. COMEX copper for delivery in January traded at $3.373 a pound, advancing $0.075.

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