Copper prices declined on Thursday as a firm dollar and rising inventories in London Metal Exchange (LME) warehouses weighed on the market.
Three-month copper on the LME fell 0.5 percent to $8,073.50 per metric ton, while the most-traded November copper contract on the Shanghai Futures Exchange declined 0.2 percent to 67,070 yuan ($9,177.86) a ton.
The US dollar index hovered around the highest level since Nov. 30, making the greenback-priced metals more expensive to holders of other currencies.
Copper stockpiles in LME-registered warehouses have nearly tripled since July to 167,850 tons, the highest since May 2022.
LME nickel declined 0.6 percent to $18,890 a ton, having hit the lowest since July 2022 of $18,555 a ton in the previous session. Inventories in LME warehouses jumped to 41,628 tons, the highest since April 19.
LME aluminum eased 0.1 percent to $2,236.50 a ton, lead shed 0.3 percent to $2,147, tin edged down 0.1 percent to $25,620, while zinc rose 0.3 percent to $2,483.50.
SHFE zinc fell 0.6 percent to 21,470 yuan, lead declined 0.9 percent to 16,555 yuan, tin shed 1.3 percent to 217,330 yuan, while aluminum rose 0.2 percent to 19,425 yuan and nickel advanced 0.2 percent to 152,240 yuan.
