Copper prices gained as inventories tumbled and investors bet on a U.S.-China trade deal.
The global refined copper market showed a 52,000 tonnes deficit in November, compared with a 1,000 tonnes surplus in October, INSG said.
On-warrant LME copper inventories, those not earmarked for delivery, slumped by nearly half to 39,800 tonnes in one day, the lowest since August 2005.
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