The price of copper is moderately declining Friday morning after a 2% jump earlier in the day, trading data showed. A weakening dollar has contributed to the industrial metal's appreciation.

March futures for copper on the Comex exchange fell by 0.33% to $3.784 a pound (about 0.45 kilograms). A day earlier, copper rose by 2.1%.

At Thursday's close of trading on the London Metal Exchange (LME), a ton of copper with delivery in three months rose by 1.18% to $8,336, aluminum - by 0.3% to $2,485 and zinc - by 1.38% to $3,079.5.