Copper up on falling inventories,

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    Bellwether on the move


    China spending hopes

    COPPER rose to its highest level since late November amid falling inventories and growing hopes for new stimulus package in China.

    Copper for May delivery surged 8.95 cents, or 5.6 per cent, to close at $US1.6940 a pound in New York, its highest level on a settlement basis since November 26.

    On the London Metal Exchange, copper for three month delivery rose to $US3785 a tonne, its highest since November 27 and closed at $US3745 a tonne, up $US206 from Tuesday.

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