Copper prices in London rose on Thursday, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies.
Three-month copper on the London Metal Exchange rose 1.1 percent to $9,187 a ton, while the most-traded March copper contract on the Shanghai Futures Exchange dipped 0.5 percent to 69,200 yuan ($10,302.68) a ton.
The dollar tumbled after the US Federal Reserve said it had turned a corner in the fight against inflation, giving markets a confidence boost that the end of its rate-hike campaign is near.
Supply disruption at MMG Ltd’s Las Bambas copper mine in also Peru lent prices some support.
LME aluminum rose 0.4 percent to $2,643 a ton, lead advanced 1.2 percent to $2,164 a ton, tin increased 2.3 percent to $29,640 a ton and zinc was up 0.6 percent at $3,371 a ton.
SHFE aluminum edged up 0.2 percent to 19,135 yuan a ton, lead advanced 0.8 percent to 15,295 yuan a ton, while nickel dropped 1 percent to 221,790 yuan a ton and zinc shed 0.4 percent to 24,225 yuan a ton.
