{
  "id": 5510394,
  "title": "Copper gains as soft dollar set to save 10 week streak",
  "url": "https://urgent.news/2026/09/04/copper-gains-as-soft-dollar-set-to-save-10-week-streak",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-04T06:44:34.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40437917/copper-gains-as-soft-dollar-set-to-save-10-week-streak"
  },
  "original_language": "en",
  "account": "Copper prices rose on Friday, poised to conclude the week with a higher value, bolstered by the US dollar's decline overnight. The benchmark three-month copper on the London Metal Exchange saw a 0.06% increase, settling at $14,342 per metric ton by 0300 GMT. This position set the metal on track for a 0.03% weekly rise, marking the tenth consecutive weekly gain. The Shanghai Futures Exchange's most-traded copper contract climbed 0.58% to 109,170 yuan ($16,254.73) per ton. The US dollar weakened overnight due to dwindling expectations of a rate hike, following remarks from Fed Governor Christopher Waller. With the CME's Fedwatch tool indicating equal odds of a September rate hike, copper could benefit from being more affordable for non-US buyers and stimulated industrial activity with lower rates. Copper experienced a tumultuous week, initially derailed by a resurgence in interest rate fears and concerns about reduced physical supply. The LME copper cash-to-three-month spread narrowed to $57.93 per ton, reflecting backwardation, down from $171.40 a week prior. Aluminium edged closer to a three-week high on the LME due to supply tightness and availability concerns, rising 0.2% and poised to end the week 2.16% higher. The LME aluminium cash-to-three-month spread flipped into backwardation on Thursday, indicating tight availability. Other metals like zinc, lead, nickel, and tin had minor changes, with zinc up 0.01%, lead up 0.11%, nickel up 0.17%, and tin down 0.27% on the LME. Among SHFE metals, zinc increased 0.54%, lead saw little change, nickel dropped 0.57%, and tin rose 0.67%.",
  "summary": "SINGAPORE: Copper prices edged up on Friday , set to end the week higher, supported by the US dollar’s overnight plunge which offset pressure from recedingsupply fears. Benchmark three-month copper on the London Metal Exchange was up 0.06% at $14,342 a metric ton by 0300 GMT. That placed the metal on track to edge up 0.03% this week, which would mark a tenth straight weekly gain. The most-traded…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}