Copper prices rose slightly on Friday, supported by a slightly weaker dollar, even though the gains were limited by concerns about the Iran-Israel war, US tariffs, and Chinese demand.

The three-month copper price on the London Metal Exchange rose 0.4% to $9,652 per ton at the auction. Earlier in the session, prices hit their lowest level since June 13, at $9,558.50

The US dollar index fell by 0.3%, making dollar-denominated metals more attractive to buyers using other currencies.

Copper hits a week's lowest level due to a stronger dollar and growth fears

The 90-day pause in Trump's broadest “reciprocal” tariffs will end on July 8.

American Comex copper futures settled at $4.88 per pound, bringing the Comex premium over LME copper to over $1,000 per ton.

Among other metals, LME aluminum rose by 0.3% to $2,529, nickel fell by 0.8% to $14,940, zinc rose slightly by 0.1% to $2,643.5, zinc rose slightly by 0.1% to $2,643.5, lead fell by 0.2% to $1,988.5 while tin gained 1.3% to $32,425.