Copper settled up 3.19% at 362.55 surged to a four-week high, boosted by data showing healthy Chinese imports and a bounce in hard-hit equity markets in the world's top metals consumer. Base metals also got an added lift when US markets reopened after Monday's Labor Day holiday, prompting investors to buy futures as stops were hit. LME copper moved higher to USD 5,380/mt overnight after the series of supply cuts helped lift copper prices, including by London-listed mining giant Glencore, which said on Monday it planned to suspend 400,000 tonnes of output at African mines over the next 18 months. Three-month copper on the London Metal Exchange raced 3.8 per cent higher, closing at $US5345 a tonne, the highest since August 11, after ending a little firmer in the previous session. Copper has rebounded 10 per cent since touching a six-year low of $US4855 a tonne on August 28, which was largely on fears of a hard landing in China. Chinese shares gained nearly 3 per cent on Tuesday while the country's copper imports in August were flat from the previous month and up 2.9 per cent from a year earlier at 350,000 tonnes. On the economic front, Eurozone economy grew more than initially estimated in the second quarter as strong exports offset a decline in investment. Gdp advanced 0.4 percent sequentially after rising 0.5 percent a quarter ago, Eurostat reported Tuesday. The first quarter growth was the fastest since the same quarter of 2011, when the economy expanded 0.9 percent. to settled at 14907 while prices up 11.2 rupee, now Copper is getting support at 352.6 and below same could see a test of 342.6 level, And resistance is now likely to be seen at 368.4, a move above could see prices testing 374.2.

Trading Ideas:

Copper trading range for the day is 342.6-374.2.

Copper prices ended with gains as strong gains in China's equity markets boosted sentiment.

China's copper arrivals in August totaled 350,000 metric tons, little changed from a month earlier, indicating that demand held up despite recent market turmoil.

Announcements of production curtailments, such as Glencore's on Monday, added to the more positive sentiment.