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Copper shrugged ​off an early dip to trade ​higher on Friday as a weaker dollar and lower ​inventories countered a selloff stemming from equity markets, but remained on track for a weekly decline.

Benchmark three-month copper on the London Metal Exchange was up 0.3% at $13,308 a metric ton ‌in official ⁠open outcry ⁠activity. It earlier fell as much as 1.4% to $13,083.

The metal, considered a bellwether for ​the health of the global economy, was on course to end the week down 2.1%, ​which would mark its biggest weekly decline since the week ended May 1.