Copper extends gains on signs Chinese economy in recovery mode

Copper rose for a third day on positive Chinese economic data and hopes Beijing will unveil more economic support measures.

The industrial metal has rallied more than 2% since the close on Thursday. China’s services activity expanded last month at the fastest pace since July, following better-than-expected indicators from official and private factory gauges last week. Taken together, the reports suggest that recent stimulus measures may be having some impact.