Copper soars to 5-mth high on G20 plan

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    bellwether off for a gallop --


    LONDON - Copper has surged to a five-month high, as hopes the economic downturn may have found a floor were reinforced by a trillion-dollar deal agreed by world leaders to combat global recession.

    Copper for three-month delivery on the London Metal Exchange ended at $US4,170 a tonne, up from $US4,060 at the close on Wednesday. The metal used in power and construction earlier touched $US4,187.50 a tonne, the highest since November 5.

    British Prime Minister Gordon Brown said the decisions made at the G20 summit in London meant the recession could be shortened and jobs could be saved.

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