Copper picks up with buying support to hedge positions and lower inventories

– Copper prices were supported on Friday by purchases to cover city centers and a drop in inventories following the sharp losses of the previous period caused by fears of increasing trade tensions. Supported by rising steel prices on the Shanghai Stock Exchange

London's three-month copper futures rose 1.4% to close at $ 6147 a tonne, after falling to $ 5988. 19659004] Copper finished the week down 1.2%, extending losses to 16b Since 1965, Shanghai Futures Exchange's copper stocks have fallen 10% this week to 211 319 tonnes, down 31% since the end of March. Nickel contracts, mainly used for stainless steel, rose 1.5% to $ 13530 per tonne, while zinc, which is used in the galvanizing of steel, increased by 1 , 2%

Nickel stocks on the Shanghai Stock Exchange fell 9.9% while zinc inventories fell to their lowest level since December 2007.

Other industrial metals include Aluminum rose 1.4% to $ 2029 a tonne. Main contracts: 0.9% to close the session at $ 2135 per tonne