MARKET TALK: LME Metals Await Fresh Fund Money As May Begins

LME base metals are banking on fresh fund allocations for support this week as the markets enter a new trading month, a London broker says. This, combined with still fairly bullish fundamentals for the base metals markets, is expected to keep momentum to the upside, he adds. Notes weak US data isn't likely to derail price gains in the near-term, given the relative importance of China to the base metals.