MINING.COM Staff Writer

The metal price bounced on Tuesday after four sessions of losses as the dollar weakened.

"Hopes of a rapid reopening in China have been disappointing," said Julius Baer analyst Carsten Menke.

Expectations of rising supplies after India's decision to scrap export taxes on low-grade iron ore also weighed on sentiment.

Asian stock markets were cautious and the dollar was set for a weekly gain.

US announced a $20 billion package this week to help Indonesia shift to renewable energy.

Global markets were rattled after NATO member Poland said that a Russian-made rocket killed two people in eastern Poland near Ukraine.

Overall sentiment remained upbeat despite October data showing new home prices fell at their fastest pace since 2015.

A firmer dollar, higher inventories and profit-taking pushed copper prices lower later in the day.