Benchmark three-month copper on the London Metal Exchange (LME) held steady at $13,804.5 a metric ton on Friday, positioning the industrial metal for a monthly gain.
The price stability came as traders absorbed the impact of a weakening US dollar, which typically lifts dollar-denominated commodities, alongside persistent concerns regarding global supply constraints.
2% rise to $13,626.50, driven by broader equity market strength outside the United States and growing investor confidence in the industrial sector.
The session's flat performance followed a strong week for the metal.
On Thursday, LME copper climbed 2.1% to $13,437 a metric ton, marking the latest leg in a sustained rally for industrial metals.
The previous day saw a modest 0.2% rise to $13,626.50, driven by broader equity market strength outside the United States and growing investor confidence in the industrial sector.
The sustained upward trajectory reflects a combination of macroeconomic tailwinds and structural supply tightness.