Copper

DJ MARKET TALK: Copper Bulls Unjustified,China Demand Nr-Term
0944 GMT [Dow Jones] An upturn in demand for copper ahead of the Chinese new year is adding unjustified bullish sentiment to global price prospects, a London broker says. "There's traditionally an upturn in demand at this time of year but it tails off immediately the holidays start," the he notes. Rising imports of copper and increased smelter production will dampen sentiment further as the year progresses, he adds. LME copper trades last at $5,433 a metric ton, up 3% from $5,250/ton Thursday.