Shanghai copper prices rose Friday as a softer US dollar eased investor concerns about slowing demand in China - at least for the time being.

The most-traded copper contract on the Shanghai Futures Exchange (SHFE), for January delivery, climbed 1.03 percent to 35,380 yuan ($5,531) per ton on Friday. The contract was up 1.75 percent for the week.

Benchmark three-month copper on the London Metal Exchange closed at $4,580 a ton on Friday, down slightly from $4,637 on Thursday.

Shanghai copper rose on Friday mainly due to rising international political risks and a softer dollar, according to a report from Henan-based Futures Daily on Thursday.

Increasing tension between Russia and Turkey caused investors to purchase metals and other commodities to hedge against the geopolitical risk, the report said. However, the added demand won't solve the ongoing oversupply problems in the copper market.

Domestic refined copper production in October increased 0.6 percent year-on-year to about 690,000 tons, according to data from the National Bureau of Statistics in November.

China also approved about $100 billion worth of new infrastructure projects in late October and early November, Reuters said on Friday.

"Copper wire producers are hoping that the [announced] infrastructure projects give them a little additional demand, but so far they are still waiting for things to feed through," analyst Dominic Schnider at UBS Wealth Management in Hong Kong was quoted by Reuters.

The rise in base metals was also a result of hedge funds covering their shorts and taking profits because their fiscal years end in November, ANZ Banking Group said in a research note on Friday.