Copper hit a three-month high on Friday, underpinned by signs supplies were getting tighter as London Metal Exchange (LME) inventories dwindled.
The move up in copper fuelled the complex higher, with lead jumping 5 per cent to a two-month high on technical buying and short-covering, traders said, while zinc also rose more than 5 per cent.
LME copper for delivery in three months ended the day up $US150 at $US7,700 per tonne, taking its gain for the week to almost 6 per cent.
SMH
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
