Copper fell on Thursday as a strong dollar made greenback-priced metals cheaper for holders of other currencies, while easing supply disruptions also pressured prices.
Three-month copper on the London Metal Exchange fell 0.2 percent to $9,029 a ton, while the most-traded September copper contract on the Shanghai Futures Exchange declined 2.3 percent to 67,300 yuan ($10,364.37) a ton.
The dollar rose to a nine-month high versus the euro and Australian and New Zealand currencies, with Federal Reserve policy makers mostly in agreement that a stimulus taper would start this year.
Residents near MMG Ltd’s Las Bambas copper mine in Peru lifted the blockade of a road used to transport the metal, while operations resumed at Teck Resources Ltd’s Highland Valley Copper operations in Canada after a wildfire evacuation order was lifted, easing copper supply pressure. — Reuters
