MARKET TALK: LME Base Metals Attact Funds Once More

With the London Metal Exchange base metals demonstrating increasingly bullish undertones, funds have started to get interested in these markets again, says BaseMetals. But it isn't lost on the market that copper is not following the other metals and "the question is why and how long can copper resist the temptation to rally?" BaseMetals asks. "Overall we think there is still another up-leg in copper, but until the market starts breaking through overhead resistance, there is little point trying to anticipate it," BaseMetals adds. LME copper trades $7,485 a metric ton, up from $7,455/ton overnight.