UPDATE AT 2 PM ON OCTOBER 7

Copper trims previous gains of 2 percent and drops to

$5,515/5,535 per tonne after inventory data shows a hefty

jump.

Copper for three-month delivery on the London Metal Exchange

was at $5,515/5,535 per tonne by 0814 GMT, versus around

$5,650 per tonne before the inventory data and $5,560 per

tonne at the close on Monday.

Stocks of copper in LME registered warehouses rose by 9,600

tonnes to 208,350 tonnes -- their highest since February 2007, with

between 80-90 percent of them being held by a single dominant

position, according to LME data.


The 9,600 tonnes of stocks were delivered into

warehouses in Europe.

Around 3 percent of the total stocks were on cancelled

warrants -- material earmarked for delivery.

Nickel was at $14,150 versus $14,300 while zinc was at

$1,544/1,554 compared to Monday's $1,549/1,550.

Lead rose to $1,660/1,675 per tonne versus $1,630/1,640

while tin was at $16,325/16,525 versus $16,200/1,205.

Aluminium was at $2,258/2,268 from $2,255.