Copper in London Climbs to a Record

Dec. 13 (Bloomberg) -- Copper climbed to a record after China refrained from raising interest rates even as inflation surged, and increased imports by the world’s largest consumer boosted the outlook for demand.

The metal for three-month delivery on the London Metal Exchange rose as much as 1.2 percent to $9,100 a metric ton, surpassing the previous peak of $9,091 a ton reached on Dec. 9. It traded at $9,096 a ton by 11:21 a.m. Singapore time.