MARKET TALK: LME Copper Eyes $8,000/Ton Over The Near Term

The outlook for LME base metals remains bullish with LME copper eyeing $8,000/ton over the short-term, says Michael Jansen at JP Morgan. Copper could push towards $8,200/ton in the next one to three months due to solid physical demand, declining inventories and upcoming supply disruptions, says Jansen. LME copper trades at $7,891/ton, +2.4% from Friday.