Copper prices rose on Friday and are heading for weekly gains in the wake of a weak US dollar.

Three-month copper on the London Metal Exchange (LME) was up 0.5% to $9,117 per metric ton at 03:07 GMT and added 1.2% for the week. The most traded copper contract in January on the Shanghai Futures Exchange (SHFE) strengthened by 0.2% to 74,630 yuan ($10,283.44) per ton and gained 1.2% over the week. According to Kelvin Wong, senior market analyst at OANDA, “prices have remained in a tight range due to a lack of new catalysts. The market wants to see massive fiscal stimulus. But I think Chinese leaders will wait for more clarity on (Donald) Trump's strategy.”

On Friday, LME aluminum lost 0.2% to $2,633 per ton, tin fell 0.5% to $29,010, lead remained unchanged at $2,099.5, while zinc rose 0.1% to $299.5, while zinc rose 0.1% to $3,122.5 and nickel rose 0.3% to $16,020. SHFE aluminum has fell by 0.7% to 20,440 yuan per ton, nickel lost 0.5% to 125,860 yuan, tin stayed stable at 243,850 yuan, while zinc rose 1% to 25,660 yuan and lead strengthened by 0.9% to 17,765