The copper market has rallied to within striking distance of the prior session's highs, despite continued concerns with some traders of a potential failure in the EU summit. Other traders were hopeful that the EU summit would manage to come up with a solution, and therefore the news from the Euro zone is likely to suddenly provide direction for copper prices without notice. The copper market may be finding some supply-side support from news of a strike at the Grasberg mine, which has prompted Freeport to declare force majeure. Copper prices from their recent lows have posted a rally in excess of 50 cents, so there are widespread expectations that the copper market may not handle an EU failure very well. With US scheduled data today also expected to show some weakness and the copper market potentially relying on a positive Euro zone outcome, there might plenty of large price moves in copper prices over the coming three trading sessions. LME Copper Stocks were 437,425 tons, down 1,725 tons