MARKET TALK: LME Copper, Zinc Could Hit New Highs;Supply Focus

After Friday's leap, LME copper, zinc may be on track for fresh records amid tightening inventories, new fund inflows prompting shorts to scramble for cover, says trader; expects market to remain susceptible to supply concerns due to large number of short-position holders, accumulated during correction at start of year that hasn't proved lasting, say trader. LME could correct downward on reopen tomorrow, after today's UK market closure for bank holiday, if money dries up, but fall likely temporary. LME 3-month copper last at $8,245/ton, down $75 vs Friday PM kerb, drawing some profit-taking; zinc down $32 at $4,138.