Sydney : Copper and aluminium led gainers in Shanghai base metals futures on Friday, helped by overnight increases in the London market on the back of upbeat China manufacturing data.
China´s industrial output expanded at a faster than expected pace in November as growth in the world´s top industrial metals consumer remains resilient, supported in part by a construction boom, data released on Thursday showed.
Aluminium was getting a second boost from separate China data showing production for November slumped to 2.35 million tonnes, which was down 7.8 percent from October and the lowest absolute level since February 2015.
The most-traded copper contract on the Shanghai Futures Exchange was up 0.9 percent at 52,920 yuan ($8,008.47) a tonne.
Three-month copper on the London Metal Exchange rose modestly to $6,795 a tonne by 0700 GMT, after gaining 1 percent overnight.
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