MARKET TALK: LME Copper Dn, But Still Shows Signs Of Strength

LME copper is slightly softer in line with the selloff in nickel, but the market "continues to show its strength in backwardations that flare at the slightest sign of short covering," says a trader. Light liquidation is likely short-term, he notes, although will continue to have an impact while nickel is weak. LME copper is last at $6,598/ton, -2% from Tuesday.