Copper is on track to make its third weekly gain thanks to the weakening dollar and bets on stimulus measures in China.

The price of copper in London remained close to its highest level in five weeks on Friday and is expected to register a third consecutive weekly gain, supported by a weaker dollar and bets on increased stimulus in China, the main consumer country. Three-month copper on the London Metal Exchange fell 0.1% to $8,552 per metric ton at 2:09am GMT, but has gained 2.2% since the start of the week

The most traded July copper contract on the Shanghai Futures Exchange rose 0.6% to 68,340 yuan ($9,577.33) per metric ton, increasing 2.3% since the start of the week. The Dollar Index fell to its lowest level in more than a month, making metals correlated to the greenback more attractive for buyers holding other currencies

Shanghai's other metals have also progressed. SHFE aluminum increased by 0.3% to 18,495 yuan per metric ton, zinc increased by 0.3% to 20,420 yuan, lead increased by 0.5% to 15,425 yuan, nickel increased by 0.4% to 172,430 yuan, and tin increased by 1.5%

At the LME, aluminum gained 0.3% to $2,257 per metric ton, nickel increased 0.5% to $23,110, while tin fell 0.1% to $27,200, zinc lost 0.2% to $2,475.50, and lead fell 0.3% to $2,124.50.