Copper Prices Climbed On Tuesday

Copper prices climbed on Tuesday as funds bought on growing expectations of stronger demand from top consumer China, but a higher dollar ahead of Wednesday's decision on U.S. interest rates by the Federal Reserve capped gains.

Traders said buying after the New York open helped copper to reverse early losses. China issued data on Tuesday showing the economy got off to a strong start this year, supported by bank lending, infrastructure spending and a much-needed resurgence in private investment. China accounts for just under half of global copper demand, which is estimated at around 23 million tonnes this year.

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