MARKET TALK: LME Uncertainty May Trigger More Liquidation -ANZ

Uncertainty surrounding further fallout from Red Kite metals trading losses overhangs LME market, could lead to further liquidation, says ANZ Bank. Hedge fund losses may prompt speculators to reduce holdings, says an analyst. LME 3-month zinc racks up biggest daily loss in 9 years, plunging to 7-month low of $3,080/ton, copper to 11-month low at $5,325, down $20 on Friday PM kerb.