(Bloomberg) -- Copper futures rose in Shanghai for a third day after sales at U.S. wholesalers rose in March at the fastest pace in 18 months, signaling that demand may increase in the world's second-largest consumer of the metal.
The 1.8 percent increase in sales followed a 1 percent gain the previous month, the U.S. Commerce Department said yesterday, reflecting rising demand for computer equipment and durable goods. Copper stockpiles monitored by the London Metal Exchange fell by 1,550 tons yesterday with the biggest drops in U.S. warehouses.
Read more at Bloomberg Commodities News
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