Copper prices bounced on Thursday after two days of heavy losses, as investors swooped in on bargain prices, while a slightly weaker dollar and optimism across wider financial markets also helped. London Metal Exchange's benchmark three-month copper gained 1.1% to $13,233 a metric ton by 0915 GMT, after giving up more than 4% during the previous two sessions.
"Copper is recovering after a steep sell-off earlier this week, supported by a softer dollar and improved risk appetite," said Ewa Manthey, commodities strategist at ING. Globally, stocks surged after strong earnings and forecasts from chip giants Micron and Qualcomm helped reignite the AI rally.
