Calcutta, Jan. 21: Copper prices in the international market are expected to recover with the weakening of the dollar and can reach $10,000 a tonne towards the end of this year, global copper market analyst and economist Simon Hunt said today.

He said prices would stabilise by the second quarter of 2015 and were likely to rise from the third quarter.

'Copper prices can reach around $10,000 a tonne by the end of the year,' he said on the sidelines of an interaction at the Indian Chamber of Commerce here today.

At present, copper prices for cash buyers on the London Metal Exchange is $5,760 per tonne. Copper for delivery in three months traded 0.3 per cent lower at $5,676 per tonne.

The price of the metal has been declining on account of the strengthening of the dollar and weak demand from key consumer China. Further, falling crude oil prices led to the lower production cost of the metal, which in turn resulted in growing inventories.

Copper, which is priced in dollar terms on major exchanges, becomes more expensive with the strengthening of the currency.