The most-traded copper contract on the Shanghai Futures Exchange closed up 0.62% on Monday at 86,480 yuan ($12,140.95) per tonne. Data showed a 0.2% increase in the Consumer Price Index (CPI) for October, reversing a decline for the previous two months. The three-month copper contract rose 0.78% to $10,800 per tonne as of 07:20 GMT. Copper prices rose on Monday after October data from China, the world's largest consumer of the metal, indicated easing deflation and boosted confidence in an economic recovery. Consumer prices turned positive, and the drop in factory-gate prices narrowed.
