* Copper hits highest since January 2023
* Aluminium hits highest since February 2023
* Germany's February industrial output growth beat expectations
LONDON, April 8 (Reuters) - Copper prices in London hit their highest in more than 14 months on Monday, helped by demand from momentum-following funds, strong German industrial data and a rally in other commodities.
Three-month copper on the London Metal Exchange (LME) rose 0.9% to $9,410 a metric ton by 1036 GMT after hitting $9,450 for its highest since January last year.
Aluminium hit its highest since February 2023 at $2,465.25 and was last up 0.5% at $2,461.
Industrial metals also rallied in Shanghai, with copper and aluminium hitting record highs as they caught up with last week's London gains after China's Thursday-Friday trading break.
"Overnight strength in Shanghai has been carried over to the European session with rising optimism from today's growth in German industrial production supporting demand from momentum-following traders driving fresh speculative longs," said Ole Hansen, head of commodity strategy at Saxo Bank.
The most-traded May copper contract on the Shanghai Futures Exchange (SHFE) closed daytime trade 2.6% higher at 75,540 yuan ($10,443) a ton while aluminium was up 1.6% at 20,205 yuan.
Copper prices in London rose by 5.2% last week on strong manufacturing data from top metals consumer China, hopes for cuts to interest rates in the United States and Europe as well as elevated sentiment towards other commodities.
"There is continued fund money coming into commodities at the moment," one metals trader said.
Spot gold prices hit a record peak for a seventh consecutive session on Monday.
Meanwhile, the discount for LME cash copper over the
benchmark three-month contract
LME zinc rose 0.5% to $2,652 a ton, lead climbed 0.9% to $2,141.50, tin was up 1.3% at $29,180 and nickel added 0.3% to $17,840. (Reporting by Polina Devitt in London Additional reporting by Siyi Liu Editing by David Goodman )
