LONDON, Oct 30 (Reuters) - London Metal Exchange copper dropped 4.9 percent on Thursday after LME inventories showed a hefty rise, dragging nickel, zinc, lead and tin lower.
'The U.S. rate cut yesterday caused a short-term bubble but markets soon came back to the recent trend with prices trading lower,' said an LME trader.
By 1025 copper was trading at $4,495 after hitting a low of $4,425. On Wednesday, it surged more than 12 percent to close at $4,655. Zinc touched a low of 1,215 a tonne, down 3.6 percent, lead fell to $1,500, down 5.1 percent and tin shed 5.7 percent to $14,350.
(Reporting by Anna Stablum, editing by Anthony Barker) Keywords: MARKETS METALS/FALL
