MARKET TALK: LME Copper Soft As US Data Dampens Sentiment

A softer tone to London Metal Exchange copper continues following the weaker-than-expected US ISM data, the lowest manufacturing growth since June '03, notes a broker. "The damage started with the ISM data yesterday and copper's now starting to look dangerously close to key support levels," he adds. LME three-month copper trades at $7,205 a metric ton, down from $7,437.50/ton Wednesday and close to immediate support at $7,150/ton.