Copper prices rally on brighter demand prospects LONDON (Reuters) - Copper rallied on Monday as demand prospects brightened after Codelco, the world's top copper miner, raised premium charges for Asian customers in 2010, while a weaker dollar also helped boost industrial metals. Three-month copper futures on the London Metal Exchange MCU3 traded at $6,572 a tonne at 1537 GMT from $6,490 on Friday, when a weaker than expected monthly jobs report from the United States hit the dollar and sentiment. Chile's Codelco raised its term premium for copper to the Japanese port of Yokohama to $75 a tonne in 2010, and to $74 for South Korean buyers, in anticipation of rising demand in parts of Asia, industry sources said on Monday. These increases for Japan and South Korea were equivalent to around 15.5% of 2009's levels.  "They're selling more and more of their mined copper to China, India and Korea and it's a clear example of how much that region is powering ahead, while Europe and the U.S. are not growing very quickly," said Robin Bhar, an analyst at Calyon. Also a plus was the tumbling dollar, which makes commodities priced in dollars cheaper for holders of other currencies.  The dollar fell across the board after a G20 meeting and Friday's U.S. jobs data did little to alter the view that U.S. rates would stay low for a while. [USD/]  The OECD's composite leading indicator at 100.6 in September from 99.3 in August also helped underpin prices. "The lead indicator for OECD plus six major non-OECD countries (global proxy) suggests the 12-month rate of change in industrial output will increase to (plus) 6.5% year-on-year in coming months," Macquarie said in a note. "This outlook is broadly consistent (with) ... global demand growth of around 6% year-on-year in 2010." CHINA DATA The market is also closely watching China's October trade and output data due later in the week. [ECONCN] China's October imports of unwrought copper and semi-finished copper products are expected to fall after a surprisingly strong inflow in September, hit by poor margins forspot imports and delays to contracted shipments. Copper has more than doubled in value so far this year on the back of robust demand from China, the world's top consumerof the metal used in power and construction. "Copper's got more upside heading to the end of the year," said Daniel Smith, an analyst at London's Standard Chartered."$7,000 is the next target before the end of the year." Upbeat German data also supported. Industrial output in Europe's largest economy rose much faster than expected in September and imports posted their biggest increase in over a year. Keeping a leash on sentiment, however, inventories of copper at LME warehouses have been rising since mid-July. Stocks rose 3,900 tonnes to 389,475 tonnes, their highest since early May. "Poor fundamental data continues to be mostly ignored," Commerzbank said in a note. Aluminium MAL3 traded at $1,933 from $1,910. Stocks of the metal used in transport and packaging fell 2,475 tonnes to around 4.5 million tonnes, off this year's record highs around 4.6 million tonnes. (Editing by Keiron Henderson) © Thomson Reuters 2009 All rights reserved