Copper

DJ MARKET TALK: Copper To Stay Volatile, Price Dips Possible
1004 GMT [Dow Jones] Global copper prices will be extremely volatile in the near term and the possibility of further price falls can't be ruled out, says Commonwealth Bank of Australia. "Copper market bears may argue that increases in exchange stocks reflect changed supply conditions, leading some investors to conclude that the highs for copper are now well behind us," CBA notes, and investors may be discouraged by the decline. The trend to rising stocks adds a bearish tone in the longer-term. London Metal Exchange copper trades last at $5,700 a metric ton, down 1% on the day. (ADH)