Copper climbs

SINGAPORE - Copper in London climbed for a third day, approaching a 28-month high, after US employment data signaled the recovery is intact and the US Federal Reserve Board eased monetary policy.

Three-month copper on the London Metal Exchange rose as much as 0.9 percent to $8,735 a ton, and was at $8,677.75 a ton at 10:55 am on Monday in Singapore. December-delivery copper on the Comex in New York gained as much as 0.8 percent to $3.9815 a pound on Monday.

Futures in Shanghai declined for the first time in four days as high prices deterred purchases in China. The metal for February-delivery on the Shanghai Futures Exchange fell as much as 0.9 percent to 66,810 yuan ($10,020) a ton on Monday, before trading at 67,210 yuan.