Copper Edges Higher Amid Supply Risks and Dollar Weakness

Copper prices rose slightly on Friday as supply concerns mounted and the dollar weakened, but gains were capped by industrial weakness in China and elevated oil prices.

The London Metal Exchange's three-month copper benchmark increased 0.3 percent to $14,289 per metric tonne, despite remaining 2 percent below its level at the end of the previous week.

Nickel advanced 0.3 percent to $15,675, while aluminium rose 0.5 percent to $3,137 a tonne, but zinc and lead prices were flat.

The market remains cautious due to high energy costs arising from the US-Iran conflict and signs of industrial weakness in China, with copper production falling 12.8 percent year-on-year in August in Chile, the world's largest copper-producing country.