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Copper hits seven-week peak on optimism Britain will stay in EU

Copper prices rose to their highest in seven weeks on Thursday as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar.

Benchmark copper on the London Metal Exchange (LME) gained 1.6% to $4 774/t by 15:00 GMT. It had earlier touched $4 790, its highest since May 6.