LME copper pares gains in Asian trading, rally looks overextended with investment players attempting to move market beyond fundamentals to entice more buying, says trader. "Copper is higher on improving equity markets, and the stronger dollar against the yen. But I see copper more towards $5,500. Chinese imports are slowing since they're ramping up their own production." LME 3-month copper last trades at $6,175/ton, down $95 vs yesterday's PM kerb.
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