LME market: The London Metal Exchange (LME) base metals closed lower on Tuesday, but not far away from the high point. A trader said: "The market is falling and it looks like it is on the defensive, but people are buying on the dips." The amount is relatively scarce. Following a 16-year high of US$3,270 per ton for copper at last trading date, the interest of investment funds turned weak. Three-month copper closed at US$3,201, down US$34 from Monday's close. Another trader said: "During the fall of copper last week, the trend seems to be firm." He also added that copper needs to fall below 3,140 to make the uptrend impossible. Chile's state-owned copper company Codelco raised its 2005 average copper price forecast to 1.20 per pound. 1.30 US dollars (2,645-2,865 US dollars per ton). Copper prices are expected to fall between 1.40 and 1.50 US dollars (3,085-3,300 US dollars per ton) in the next few months. But some analysts expect the risk of copper price decline is increasing. Securities company Investec Securities said in the report: "Commodity prices and mining stocks may still have some upside momentum, but we think the current risk is firmly in the downgrade." Three-month aluminum closed at $ 1,908, down $ 4. Dealers said: " If the price is lower than 1,880, some may appear Pressure. "