SHANGHAI, Oct 27 (Reuters) – Copper climbed to a 16-month high on Monday, driven by optimism over a potential U.S.-China trade agreement after officials from the world's two largest economies outlined the framework for negotiations ahead of their leaders' discussions. The most-traded copper contract on the Shanghai Futures Exchange rose 1.78% to trade at 88,420 yuan ($12,413.31) per metric ton, as of 0330 GMT. It hit 88,620 yuan a ton earlier in the session, refreshing a 16-month high since May 2024. The benchmark three-month copper on the London Metal Exchange rose 0.94% to $11,065.50 a ton, having touched a 16-month high of $11,076.50 a ton earlier in the session. Negotiators from both China and the U.S. reached a trade deal framework on the sidelines of the ASEAN Summit on Sunday. U.S.

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