Mining stocks rose to the highest in eight months and aluminum gained the most this year on speculation that raw-materials demand in China will turn around after years of concern over worsening economic growth.

Data Friday showed a pickup in activity ranging from industrial production to fixed-asset investment in March, adding evidence that monetary and fiscal easing are having an impact in the Asian nation, the largest metals consumer. The People¡¯s Bank of Chinainjected the most funds into the financial system via open-market operations in almost two months on Wednesday. The Bloomberg World Mining Index rose as much as 1.7 percent to the highest since August, helped by gains in Vancouver-based Teck Resources Ltd.

¡°You can say from the micro perspective, the Chinese figures are improving,¡± Richard Fu, the head of Asia & Pacific at Amalgamated Metal Trading Ltd. in London, said in a telephone interview. ¡°So people start to think in the long term that Chinese stimulus measures are being reflected in the figures.¡±

Aluminum for delivery in three months gained 2.2 percent to settle at $1,622 a metric ton at 5:50 p.m. on the London Metal Exchange, the biggest increase since Dec. 4. The commodity touched $1,625.50, the highest since October.

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Mining stocks rose to the highest in eight months and aluminum gained the most this year on speculation that raw-materials demand in China will turn around after years of concern over worsening economic growth.

Data Friday showed a pickup in activity ranging from industrial production to fixed-asset investment in March, adding evidence that monetary and fiscal easing are having an impact in the Asian nation, the largest metals consumer. The People¡¯s Bank of Chinainjected the most funds into the financial system via open-market operations in almost two months on Wednesday. The Bloomberg World Mining Index rose as much as 1.7 percent to the highest since August, helped by gains in Vancouver-based Teck Resources Ltd.

¡°You can say from the micro perspective, the Chinese figures are improving,¡± Richard Fu, the head of Asia & Pacific at Amalgamated Metal Trading Ltd. in London, said in a telephone interview. ¡°So people start to think in the long term that Chinese stimulus measures are being reflected in the figures.¡±

Aluminum for delivery in three months gained 2.2 percent to settle at $1,622 a metric ton at 5:50 p.m. on the London Metal Exchange, the biggest increase since Dec. 4. The commodity touched $1,625.50, the highest since October.

In other metals:

Mining stocks rose to the highest in eight months and aluminum gained the most this year on speculation that raw-materials demand in China will turn around after years of concern over worsening economic growth.

Data Friday showed a pickup in activity ranging from industrial production to fixed-asset investment in March, adding evidence that monetary and fiscal easing are having an impact in the Asian nation, the largest metals consumer. The People¡¯s Bank of Chinainjected the most funds into the financial system via open-market operations in almost two months on Wednesday. The Bloomberg World Mining Index rose as much as 1.7 percent to the highest since August, helped by gains in Vancouver-based Teck Resources Ltd.

¡°You can say from the micro perspective, the Chinese figures are improving,¡± Richard Fu, the head of Asia & Pacific at Amalgamated Metal Trading Ltd. in London, said in a telephone interview. ¡°So people start to think in the long term that Chinese stimulus measures are being reflected in the figures.¡±

Aluminum for delivery in three months gained 2.2 percent to settle at $1,622 a metric ton at 5:50 p.m. on the London Metal Exchange, the biggest increase since Dec. 4. The commodity touched $1,625.50, the highest since October.

In other metals:http://www.yikai-aluminum.com/