MARKET TALK: LME Copper Buoyed By Speculators, Seen Higher

Speculative investment has fuelled the last $1,000 of the rally in 3-month copper traded on the LME, says a London-based broker. He notes copper is still supported by a strong fundamental pictures, with prices targeting $8,000/ton, then $8,200/ton. LME copper traded last at $7,745/ton, +5.5% since Thursday.