Why did copper prices rise on the London Metal Exchange according to the news?

Copper prices rose on the London Metal Exchange due to a weaker US dollar and reduced market expectations of imminent Federal Reserve interest rate hikes, which eased downward pressure on industrial demand; the metal climbed as much as 1% on Friday, poised to end a two-week losing streak following weak US jobs data that curbed bets on higher borrowing costs.

What were the price movements and levels for copper, aluminum, and nickel on the LME as reported in the news?

Copper advanced 0.7% to $13,413 a ton, aluminum gained 0.6% to $3,110 a ton, and nickel surged 1.8% to $16,540 a ton on the London Metal Exchange as of 10:35 a.m. in Shanghai.

Copper Climbs With Industrial Metals as Rate-Hike Prospects Fade

Jul 2, 2026

Copper and industrial metals rallied on Friday, buoyed by a weaker US dollar and diminished expectations of Fed rate hikes. Copper rose 0.7% to $13,413 per ton on the LME, with nickel and aluminum also posting gains.

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