Due to the growing prospects of an impending fall in interest rates in the United States and better demand in China, copper prices in London rose on Friday and are heading for their first monthly increase since May.

Three-month copper on the London Metal Exchange rose 0.5% to $9,293.50 per metric ton at 03:44 GMT. The contract has gained 0.7% since the beginning of the month. The most traded October copper contract on the Shanghai Futures Exchange moved little at 73,990 yuan ($10,434.06) per ton, up 0.7% since the start of the month. Copper prices, often seen as an economic indicator, fell in early August when disappointing U.S. employment data stoked fears of a recession and disrupted markets for risky assets

SHFE aluminum rose 0.1% to 19,790 yuan per ton, nickel rose 0.1% to 131,750 yuan, zinc gained 0.3% to 24,080 yuan, and tin rose 0.3% to 24,080 yuan, and tin rose 0.2% to 264,260 yuan, while lead fell 0.4% to 17,325 yuan.

LME aluminum rose 1% to $2,482 per ton, nickel added 0.1% to $17,015, zinc rose 0.9% to $2,904, zinc rose 0.9% to $2,904, lead rose 0.4% to $2,904, lead increased 0.4% to $2,044.50, and tin rose 0.3% to $32,450.