Copper rises as dollar weakens


    HANOI- Copper prices advanced on Tuesday as a weaker dollar made greenback-priced metals on the London Metal Exchange more appealing to holders of other currencies.

    Three-month copper on the London Metal Exchange rose 0.5 percent to $8,079 a ton, while the most-traded March copper contract on the Shanghai Futures Exchange advanced 1.3 percent to 59,340 yuan ($9,203.00) a ton.

    The dollar languished near its lowest in a week as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.

    LME aluminum rose 0.2 percent to $2,031 a ton, nickel advanced 0.5 percent to $18,260 a ton and zinc increased 0.1 percent to $2,654.50 a ton.