While copper prices have been under pressure during the past few sessions, they have been drawing some support from a weaker Dollar, stronger equities and Chinese economic data that exceeded market expectations. In fact, some economists have suggested that the Chinese data overnight plays down the threat of a hard landing in the Chinese economy. With a large South American copper miner showing a huge jump in profits and suggesting that Chinese demand going forward will remain very strong, some traders feel it possible that copper prices climb back above $4.0160 during the near future. A key South American copper producer has also indicated the prospect of a 2011 world copper deficit of 500,000 tons. LME Copper Stocks were 465,175 tons, down 1,275 tons.