UPDATES FOR WEEK ENDING 14 NOVEMBER

Copper rose the most in a week as a rally in Asian and

European equity markets eased concerns that a worldwide

economic slump will slash metal demand.

Copper futures for March delivery climbed 8.5 cents, or

5.2 percent, to $1.715 a pound on the Comex division of the

New York Mercantile Exchange, the biggest gain since Nov. 4.

The contract increased 0.8 percent this week. The metal still

has dropped 60 percent from a record in May.


The MSCI World Index of equities rose as much as 1.4 percent

today before turning lower on a slide in U.S. stocks. U.S. retail

sales dropped in October by the most on record. The

Dow Jones Industrial Average jumped 6.7 percent yesterday

after the close of Comex floor trading in copper.

``We're seeing a bounce in copper that's still based on

yesterday's big rally in the stock markets,'' said Frank McGhee,

the head dealer at Integrated Brokerage Services LLC in

Chicago. ``These markets are looking forward, and four to

six months down the road, demand starts to look better.''


`Downward Trend'
Still, concerns that consumption will weaken indicate ``copper

will resume its downward trend,'' O'Neill of Logic Advisors said.


The global economic slump spurred slack consumption from\

the manufacturing, auto and construction industries. Copper is

headed for its first annual decline since 2001, the last time

the U.S. was in a recession.

``We do not expect the current pessimism about the economic

outlook to lift anytime soon,'' Standard Chartered Bank analysts

Helen Henton and Dan Smith in London said in a report today.

``This should result in prices heading lower into the year end.''

Growth in copper demand has slowed to 1 percent this year

after gaining 4.2 percent in 2007, Standard Chartered said.

The metal will average $1.63 next quarter, the bank forecasts.

That compares with a Comex average of $2.05 this quarter.

On the London Metal Exchange, copper for delivery in three

months rose $150, or 4.1 percent, to $3,820 a metric ton

($1.73 a pound).