Copper prices stage biggest weekly loss in three months

London

COPPER prices stabilised in London on Friday, helped by a lower dollar, but still staged their biggest weekly loss since January on concerns about when demand will grow again and ample supply in China.

Three-month copper on the London Metal Exchange closed unchanged at US$4,650 a tonne, still near a six-week low hit in the previous session, when it slumped 2.8 per cent in the biggest daily loss since September.