MARKET TALK: LME Copper Slips As Mkt Expects Stock Hike

Copper is slipping as the market continues to come under selling pressure given expectations of a further rise in London Metal Exchange stocks, a broker says. "The prospects for copper aren't certain and the bears and bulls are starting to position themselves, with the bears winning," he adds. But the forward spreads are well bid as players anticipate a spike, he notes. LME copper trades last at $5,486 a metric ton, down from $5,650/ton overnight.