Copper dips, but heads for yearly rise on healthy Chinese demand – Markets

LONDON: Copper prices dipped on Friday, pressured by a firmer dollar, but were on track to achieve a modest gain this year on healthy demand from China and hopes for U.S. interest rate cuts.

Three-month copper on the London Metal Exchange (LME) was down 0.1% at $8,613 per metric ton by 1130 GMT. LME copper has gained 2.8% this year, partly reversing a decline of 13.9% in 2022.

Investors were…