London copper picks up on weak dollar, U.S. infrastructure plans

Copper prices in London rose on Thursday, buoyed by a weakening dollar and hopes of a pick-up in metals demand from a $2 trillion infrastructure proposal in the United States.

Three-month copper on the LME rose 0.8% to $8,989 a tonne, as the dollar hovered near a more than two-week low, making greenback-priced metals more attractive to holders of other currencies.

U.S. President Joe Biden is expected to meet with lawmakers in coming weeks on his proposed infrastructure bill, which is expected boost demand for industrial metals.