Shanghai copper hits four-month high on stimulus hopes and China infrastructure

Shanghai copper hit its highest level in four months on Monday, boosted by hopes for economic stimulus in the world’s leading economies and by China’s approval of a multibillion dollar infrastructure programme. Beijing has given the green light to 60 infrastructure projects worth more than US$150 billion, as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1033255/shanghai-copper-hits-four-month-high-stimulus-hopes