Shanghai copper prices leaped to a more than nine-year high on Friday, while the London contract breached the $8,000 per tonne mark to hit a near eight-year peak, buoyed by low inventories and U.S. stimulus hopes.
The most-traded January copper contract on the Shanghai Futures Exchange climbed as much as 2.2% to 59,500 yuan ($9,095.36) a tonne, a level unseen since September 2011. The contract closed up 1.8% to 59,260 yuan a tonne.
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