Copper bounced after falling more than one percent on Wednesday as the dollar erased earlier gains and US equity markets strengthened, but investors remained cautious for the medium term on a cloudy economic outlook.
Copper for three-months delivery on the London Metal Exchange was at $6,661.50 a tonne by 1434 GMT, after hitting a low of $6,510 earlier and versus a last bid of $6,604 a tonne on Tuesday.
Aluminium stocks have also fallen this year, down from a record above 4.6 million tonnes, but on Tuesday rose 4,700 tonnes to 4,409,550 tonnes. Aluminium edged up to $1,995 a tonne from $1,993. Zinc was at $1,851 from $1,850 and battery material lead was bid at $1,789 a tonne from $1,780. Tin was quoted at $17,625 a tonne from $17,600 and nickel was at $19,160 a tonne from $19,000.
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