Copper falls to one-month low

Copper prices fell on Thursday, despite the US dollar's drop against most currencies, and the industrial metal hit a 1-month low due to investors' risk aversion and concerns over an increase in inventories.

Copper 3-month futures fell 0.7% to $9,343 per tonne in the London Metal Exchange.

Copper futures closed lower by 1.8% to 68,910 yuan or $10,806 per tonne in the Shanghai Metal Exchange.

Analysts believe that China intends to increase copper exports to the London Metal Exchange warehouses, and the dollar strength, are two main factors that are impacting copper prices.

The dollar index fell against a basket of major currencies by 0.1% to 95.7 points as of 14:42 GMT, after hitting a high of 95.8 points and a low of 95.6 points.

Copper September futures fell 0.6% to $4.24 per pound as of 14:35 GMT.