Three-month copper on the London Metal Exchange (LME) rose 1.4% to $8,915 a tonne, while the most-traded September copper contract on the Shanghai Futures Exchange (SHFE) rose 1.4% to 71,920 yuan ($10,022.44) a tonne.

US jobless claims fell more than expected last week, easing fears of an impending recession that would dent demand for physical metals.

However, US Federal Reserve policymakers are increasingly confident that inflation is cooling enough to allow for future rate cuts, which is supportive of metal prices.

However, on a weekly basis, copper is set to fall for a fifth straight week on both the LME and SHFE, with both contracts hitting their lowest since March earlier in the week.

Metal prices could continue to recover for a few more sessions, but there are few catalysts for higher prices, a trader said, pointing out that copper inventories at the LME have spiked to their highest level in September 2019.

The LME cash copper contract is trading at a discount of $123.58/tonne to the three-month contract, reflecting ample short-term supplies.

LME aluminium rose 1.3% to $2,302.50 a tonne, nickel rose 1.6% to $16,405, zinc rose 1.9% to $2,696.50, lead rose 2.1% to $2,006 and tin rose 2.6% to $31,290.

SHFE aluminum rose 1.4% to 19,175 yuan/t, nickel rose 2.6% to 131,230 yuan, zinc rose 3.4% to 22,630 yuan, lead rose 3% to 17,855 yuan and tin rose 4.8% to 257,320 yuan.