Copper may rise for a fourth day in New York on speculation figures will show stronger growth in manufacturing in the U.S., the world's second-biggest consumer of the metal. Aluminum climbed to a 29-month high.
Manufacturing in the U.S. probably expanded in February at the fastest pace in almost seven years, economists said before an Institute for Supply Management report today. The European Commission raised its forecast for the euro region's economic growth in 2011.
Copper for May delivery rose 0.55 cent, or 0.1 percent, to $4.502 a pound at 8:19 a.m. on the Comex in New York. Copper for three-month delivery was little changed at $9,888 a metric ton on the London Metal Exchange.
The ISM report is due at 10 a.m. New York time. At the same time, the Commerce Department will release data on construction spending. Construction accounts for a quarter of copper demand, according to the Copper Development Association.
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