Due to increased inventories and a rising dollar, the price of copper rose on Friday, but is on track for a second consecutive quarter of decline.

At 05:56 GMT, copper at three months on the London Metal Exchange (LME) rose 0.7% to $8,275.50 per metric ton. The dollar index has risen 3% so far this quarter, on track to achieve the best quarterly performance in a year. The contract was down 0.5% on a quarterly basis and was also expected for the second consecutive month of decline. LME copper inventories jumped 140% since the start of the quarter to 167,825 tons, the largest quarterly increase in 18 years

In addition, LME zinc is on track to achieve its best quarterly performance since the first quarter of 2022, up 10.7% so far. LME nickel is on track for its third consecutive quarter of decline. And LME lead has rebounded by 4.5% since the start of the quarter, after two quarters