MARKET TALK: LME Copper Still Weak But Finds Support

LME copper treads water in still weaker territory but stronger economic data from U.S. and slowing of price declines indicate metal may have reached its immediate downside target, says Standard Bank. Strengthening dollar maintaining tight lid on any recovery for now, but copper should generate stronger sentiment after Chinese buying is eyed returning around early March, following Chinese New Year next month. LME 3-month copper stands at $5,612/ton at Friday PM kerb, down $108 on previous PM kerb.