MARKET TALK: LME Base Metals Consolidating After Sell-Off

London Metal Exchange prices are seen holding in ranges Thursday as they consolidate after their recent sell-off, says BaseMetals analyst Will Adams. "That may well take prices lower, especially if there are still longs looking to square-up ahead of year-end," he adds. LME copper trades at $6,735 a metric ton, LME lead is flat around $1,645/ton and LME zinc is stable at $4,310/ton.