• LME Market Report – Copper futures are affected by the weakening U.S. dollar, base metals all-sidedly higher The London Metal Exchange (LME) base metal closed higher on Wednesday as a weaker dollar encouraged investors to buy copper, triggering stop-loss buying. Selling has limited market gains. The US dollar fell across the board on Wednesday as renewed worries about the US’ ability to attract foreign capital to support its trade and current account deficits led to the recent rally in the US dollar. The New York market was noon, with the euro/dollar more than at the end of Tuesday. The stock rose nearly 1% to $1.3424, from a record high of $1.3470 to $0.005. Equity fund managers said on Wednesday that industrial commodity prices have risen steadily this year and their outlook is still positive, indicating a further increase in 2005. The manager stated that "the long-term trend is still up, but trading activities of hedge (hedging) funds and exchange rate fluctuations will interfere with the market. However, commodity prices have not yet reached the top." In recent years, hedge fund trading in the commodity market has increased substantially and has become a market. A big variable, but also one of the main factors affecting the price trend. City Natural Resources analysts said, "Hedge Fund It's important - they are trading for all price movements. They are the larger single factors that affect metal prices. They never buy physical goods and only buy futures." Three-month copper closed at $3,009 per ton, compared to Tuesday night trading session Rising 41 US dollars. Traders said that after the copper close above 2,990/3,000, it may be targeted at the October high of 3,175. Three-month aluminum closed up 30 US dollars to 1,825 three-month zinc for a period of 30 US dollars to 1,186 yuan per ton. The three-month lead rose by one US dollar to 938 per ton; the three-month tin rose by 20 US dollars to 8,800 per ton. The three-month nickel rose by 300 US dollars to 13,200/250 per ton.