While the main consumer, China, is closed due to vacations, copper prices in London are on track for their biggest weekly fall in almost 11 months on Friday, due to the strength of the dollar and high stocks.

Copper fell by 4.5% on a weekly basis, poised for the worst weekly performance since the week ended November 18 last year. Among other metals, LME tin increased by 0.8% to $24,325 per ton. It was the only contract that recorded a weekly gain in the base metals complex, with an increase of 1.7%. LME zinc rose 0.1% to $2,480 per ton, but fell 6.4% week over week, the largest weekly drop since December 16 last year

LME lead rose 0.5% to $2,146.50 per ton, but on a weekly basis, it fell 1.1%, representing the third consecutive week of decline. LME nickel was on track for a fifth consecutive week of decline, but rose 0.1% to $18,505 per ton. LME zinc rose 0.1% to $2,480 per ton, but fell 6.4% week over week, the largest weekly drop since December 16 last year. And LME aluminum remained virtually unchanged at $2,231 per ton, after four consecutive loss sessions. On a weekly basis, it fell by 4.9%, on track to register the largest weekly drop since February 10