According to stock exchanges, copper prices rose due to weak US labor market data which significantly reduced the odds of an interest rate hike by the Fed at its next meeting.
Copper futures for July delivery rose by 0.99% on the New York Mercantile Exchange's Comex division to $2.13 a pound.
On Friday, copper for delivery in three months on the London Metal Exchange rose by 1.74% to $4.688 a metric ton. Aluminium prices were up 0.26% to $1,544 per ton, while zinc increased in price by 0.5% to $1,992 a ton.
Data unveiled by the US Labor Department significantly reduced market expectations of the likelihood of changes in US monetary policy in June. The US added only 38,000 new jobs in May, the slowest pace since September 2010, and far fewer than the 164,000 that economists had anticipated.
Now markets are awaiting a speech by Fed Chair Janet Yellen slated for Monday. Previously, Yellen has leaned towards raising interest rates in near future.
