Copper futures climbed above $6.5 per pound on Friday, recovering earlier weekly losses as tight physical supply continued to support prices. The market remains vulnerable after months of outflows, partly because metal has been diverted to the United States ahead of anticipated tariffs. Chile, the top producer, expects copper output to decline this year as ongoing disruptions weigh on mines and development projects. Increased deliveries to London Metal Exchange warehouses recently eased a historic supply squeeze. Copper also benefited from a weaker dollar after skepticism about the U.S. government’s bond buyback plan reduced the greenback’s appeal, supporting demand for metals and other currencies. Investors are also watching geopolitical developments as the United States prepares sweeping new economic sanctions against Iran, a move that pushed oil prices higher and increased inflation concerns.