Copper Prices Climb on Weaker Dollar, China Shortages

Copper prices rose modestly on Friday due to a weaker US dollar and supply shortages in China, but gains were limited by concerns over potential rate hikes.

The London Metal Exchange's benchmark three-month copper price increased by 0.2% to $14,645 per metric ton, a 0.8% rise from last week's close.

Nitesh Shah, commodity strategist at WisdomTree, said some of the market's recent pressure points were easing, but investors remained risk-averse in this environment.

The copper market has gained 10% over the past three months due to speculation about US tariffs and subsequent metal flows to the US, creating shortages elsewhere.