MARKET TALK: LME Copper May Slip Further On China Concerns

LME copper is down and may slip further amid fears China may hike interest rates once more, a London-based broker says. The release of China's 1Q GDP data Thursday will provide short-term direction, he notes, and could trigger a further tightening in the country's economic growth. China is the world's biggest copper consumer. LME copper is last at $7,860 a metric ton, -2% overnight.