Copper prices rose on Friday amid hopes for recovery from China. However, the metal is about to experience its biggest quarterly decline since September 2022

Three-month copper on the London Metal Exchange rose 0.8% to $8,244 per metric ton at 0319 GMT, but was still down 8.3% compared to the previous quarter. The most traded copper contract on the Shanghai Futures Exchange in August rose 0.2% to 67,390 yuan ($9,296.97)

LME nickel recorded the worst performance of the base metal complex since the start of the year, dropping 31.3% to $20,635 per metric ton. LME aluminum rose 0.5% to $2,170.50 per metric ton on Friday, but fell 10% on a quarterly basis, on track for the biggest quarterly decline since the end of

Zinc was the second-worst among LME base metals, down 19.2% since the start of the year. But it improved in June and was up 0.7% to $2,360 per metric ton on Friday. LME tin is the only base metal to have increased since the start of the year, up 8.3% to $26,860 per metric ton

LME lead rose 0.7% to $2,064.50 per metric ton, but is expected to see its biggest weekly decline since Feb. 3. SHFE aluminum rose slightly by 0.5% to 18,080 yuan per metric ton, nickel rose 1.7% to 157,990 yuan, zinc rose by 0.6% to 20,080 yuan, lead increased by 0.1% to 15,470 yuan, and tin jumped 3.9% to 220,630