UPDATE FOR OCTOBER 30

Copper lost more than 10percent of its value on Thursday

as rising London Metal Exchangestocks rekindled concerns

about demand and put the brakes on thisweek's short-covering

rally in industrial metals. The bearish market sentiment grew

after data showed the U.S.

economy shrank to a 0.3 percent annual rate in the

third quarter, its sharpest contraction in seven years.

London copper for three-month's delivery fell 10.2percent

to an intraday low of $4,180 a tonne after LME stocks

jumped6,575 tonnes to 223,875 tonnes -- a reminder of

the metal's weakenedstate of demand.

The metal -- seen as a key gauge of real economic activity

--closed at $4,210, down from $4,655 at the close on

Wednesday, whenit surged 12.6 percent. In New York, copper

for December delivery tumbled 19.75 cents, or 9.5 percent,

to settle at $1.8905 a lb on the New York Mercantile

Exchange's COMEX division.

The U.S. dollar hit session highs against the euro, after

trading lower for most of the global session, as investors

boughtback the greenback to rebalance portfolios for

month-end purposes.