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Copper rises for second day, but China growth worries drag

London copper prices climbed for a second session on Friday amid gains in stock and oil markets, but worries over slowing growth in China were expected to drag.

Asia stocks gained on Friday after Wall Street ended volatile trade in the green, adding to the big advances of the previous session, although lingering investor jitters helped support safe-haven currencies such as the yen.

COPPER: Three-month copper on the London Metal Exchange had risen 0.4 percent to $6,011.50 a tonne by 0334 GMT, while the most-traded contract on the Shanghai Futures Exchange fell 0.5 percent to 48,180 yuan ($7,029.06) a tonne.

MARKETS: Copper is being supported by gains in crude oil and equity markets, although concerns over slowing growth in top metals consumer China are pressuring prices.
smelters to process their ore into refined metal, with higher minimum charges for processing indicating a well-supplied copper concentrate market.

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