MARKET TALK: LME Copper To Remain Under $8000/Ton Short-Term

LME zinc and copper decline due to fund selling, says a base metals broker, despite steady trading in the rest of the metals complex. In addition, technical selling was triggered once copper fell below the psychological $8000 a metric ton price level, says the broker, adding that prices are likely to remain under $8000/ton for the short term. LME copper trades at $7990/ton, down 0.7% from Wednesday while zinc trades at $4060/ton, down 0.7% from Wednesday.