The copper market started this week with a sharp selloff overnight, and in the process copper prices at one time were as much as 20 cents a pound below last week's high. There are many traders who feel that copper prices are reflecting market fears of a return to a global recession, as the widespread disappointment from the US payrolls last week may have been compounded by the renewed concern toward Euro zone debt. Copper may have some minor supply side threats that may provide support for prices, as there are two key labor situations that could potentially restrict upcoming supplies. LME Copper Stocks were 465,375 tons, down 225 tons on the day.
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