Copper prices rebounded on Wednesday on easing concerns about the new Omicron coronavirus variant that has rattled market sentiment in recent days.
Three-month copper on the London Metal Exchange rose 1.1% to $9 545 a tonne by 0701 GMT, having lost 0.6% in November.
The most-traded January copper contract on the Shanghai Futures Exchange closed 0.3% lower at 69,650 yuan ($10,943.00) a tonne, tracking overnight loss in London.
The European Union drug regulator said on Tuesday existing Covid-19 vaccines would provide protection against Omicron, calming markets shaken by drugmaker Moderna's CEO saying existing shots would be less effective against the new variant.
"The market was too short. That (Omicron) is really nothing," a Hong Kong-based trader said.
Copper prices have been supported by low exchange warehouses supply. LME inventories fell to 76 450 tonnes, the lowest since March 3, while ShFE stockpiles still hovered near their lowest since June 2009.