Dip-buying activity took most base metals prices higher on the morning of Friday June 4 on the London Metal Exchange, following an average fall of 2.5% on Thursday due to a strengthening dollar and positive employment data from the United States.
The dollar index has risen over the past two days, coming to a high of 90.63 on Friday morning, amid concerns about the US Federal Reserve slowing down its supportive fiscal measures that have been supporting the economy.
The three-month copper price was up 0.6% to $9,847 per tonne on Friday morning, after falling the most in the complex on Thursday, by 3.5% to $9,788.50 per tonne.
Its intraday low of $9,762 per tonne on Thursday was the metal's lowest price since the last week of...