Commodities: Copper up on rosy demand outlook

Shanghai copper rose less than 1 percent yesterday, following on from Friday's rally, as investors bet on rising demand to offset currently soft fundamentals.

London copper recovered from Friday's losses, but was nearly $100 below the three-week high of $6,363 a ton hit on Thursday.

"Investors are optimistic on copper prices in the medium and long term. Consumption in the cable sector hasn't seen much improvement, but in electronics plants, consumption is a lot better than last year," said Lin Yuhui, deputy general manager of Jinhui Futures.