MARKET TALK: Lower LME Copper Prices A Buying Opportunity

Lower London Metal Exchange copper may well be jumped on as a scaled-down buying opportunity, says BaseMetals analyst Will Adams. Copper "now has the most catching up to do, he notes. "Given the potential for supply disruptions due to labor negotiations at Codelco's Norte Division, Xstrata's Altonorte smelter and at BHP Billiton's Cerro Colerado mine, as well as the maintenance shutdowns at Collahuasi, there is a lot of risk potential," he adds. LME copper trades last at $6,900 a metric ton, up from $6,850/ton overnight.