MARKET TALK: Pent-Up LME Copper Demand To Trigger Gains

There may be considerable pent-up demand for London Metal Exchange copper going forward, says BaseMetals analyst Will Adams, which would tighten market conditions and push prices higher. Current lower prices could also trigger consumer buying, Adams adds. Notes significant destocking has taken place over the past six months, especially in China, and consumer stocks are low. LME copper trades last at $6,460 a metric ton, an eight-month low.