Copper Hits 2-Week High as Xi Comments Fuel Stimulus Hopes

COPPER - SINGAPORE. Copper prices rose to a two-week high on Friday, lifted by hopes of stimulus in top metals consumer China after President Xi Jinping pushed for the country to achieve its annual economic target.

Three-month copper on the London Metal Exchange was up 0.7% at $9,275 per metric ton by 0313 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange advanced 1.2% to 74,280 yuan ($10,449.76) a ton.