METALS-Shanghai base metals climb as China lending data brightens demand outlook

Shanghai base metals rose across the board in early trade on Monday, buoyed by optimism over the outlook for demand after China's banks made the most new loans on record in January. Copper hit a near two-month high in Shanghai despite a big boost in Chinese inventories of the metal over the past two weeks. FUNDAMENTALS * SHFE COPPER: The most-traded April copper contract on the Shanghai Futures Exchange was up 0.6 percent at 48,650 yuan ($7,20
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