The copper backed down on Friday and was about to record a weekly loss. The strength of the US dollar and the mixed data on employment in September encourages investors to be cautious before the Federal Reserve decision on interest rates in December, the low Chinese demand adding additional pressure.

The most active copper contract on the stock exchange Shanghai futures fell by 0.82% to 85,670 yuan (12,045.16) dollars) per metric ton at 03:30 GMT, heading towards a weekly loss by 1.42%.

The three-month copper reference price on London Metal Exchange fell by 0.39% to $10,696.5 per ton, preparing to end the week down 1.41%.

Copper in Shanghai jumped by over 16% in 2025, while its London counterpart has climbed by 22% this year.

Among other SHFE base metals, aluminum has fell by 1.04%, zinc remained almost unchanged, with a slight decrease by 0.04%, lead fell by 0.43%, nickel fell by 1.70% and tin lost 1.27%.

Among the other metals in LME, aluminum has declined by 0.73%, zinc by 0.86%, lead by 0.45%, nickel by 0.59% and 1.01% tin.