London, Oct. 8 - Copper futures on the London Metal Exchange (LME) closed 0.8% higher on Friday after falling. The weekly chart rose nearly 3 percent.
The dollar weakened on weaker-than-expected US jobs data, which helped lift copper and other industrial metals.
Benchmark copper for three-month delivery in London was up 0.8 percent at $9,355.50 a tonne by 1600 GMT. It fell as low as $9,232.5 in early trading.
On the weekly chart, 3-month copper rose $256.5 or 2.82%. Down $264 or 2.90% in the previous week.
Friday's employment report from the Labor Department showed the U.S. added 194,000 jobs last month, the fewest in nine months and below economists' average forecast for a gain of 500,000.
Copper fell early in the session, but a weaker dollar after the jobs report triggered stop-loss buying as shorts scrambled to cover and lifted futures higher, traders said.
A weaker dollar means goods priced in dollars are cheaper for buyers using other currencies.
Analysts say the copper market is vulnerable to moves in the DOLLAR. Industrial metals get a boost when the DOLLAR reacts negatively to the jobs data.
Among other metals trading, LME nickel for three-month delivery rose 5.2% to $19,215 a tonne, partly due to short-covering. As of Oct. 6, the net short position of speculative funds in the nickel futures market reached 11.6% of short positions, compared with a high of 15.9% last year.
Three-month zinc closed up 3.5 per cent at $3,157.5 a tonne after hitting an intraday high of $3,179, also its highest level since June 2018. Analysts say zinc is one of the metals most affected by China's power cuts.
LME aluminium rose 0.7 percent to $2,967.50 a tonne, lead rose 2.3 percent to $2,223 and tin rose 2.5 percent to $36,150 a tonne.
