MARKET TALK: LME Copper Eyes $7,080/Ton Support

The $7,080 a metric ton level is the important support level for London Metal Exchange three-moth copper and a break below this would likely lead to a further round of selling pressure, a broker notes. "If copper falls below this we could see the market struggle against further selling and a more meaningful correction on the downside," he adds. LME copper trades at $7,182.50/ton, down 3% on an overnight high of $7,405/ton.