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METALS-Copper slides on dlr strength, outlook brighter

Fri Jun 12, 2009 10:09pm IST
 
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* Investor interest in commodities grows

* Expected pullback may not be as deep as thought

* LME copper stocks fall

(Adds closing prices)

By Michael Taylor and Pratima Desai

LONDON, June 12 (Reuters) - Copper fell on Friday as a stronger dollar dented sentiment, bringing prices back from this week's eight-month highs, but analysts expected to see further gains because of brighter economic prospects.

Copper for three month delivery MCU3 on the London Metal Exchange ended at $5,230 a tonne from $5,380. at the close on Thursday.

The metal used in power and construction has gained more than 70 percent this year and about 10 percent since the start of June on stronger economic data and expectations of higher demand in the future.  Continued...

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