Base metals prices on the London Metal Exchange rose slightly across the board during morning trading on Wednesday May 26 and appear to be consolidating after recent sharp declines from the highs reached in May while the end of the month nears.
"[Futures prices on the LME] seem to be doing nothing more than seeking direction amid a flood of various opinions as to where prices should go," Malcom Freeman, director at Kingdom Futures, said."On one side you have the super-cycle theorists that seem to believe markets can travel up in a straight line for ever, then you have the argument for major corrections to ease on what is fairly...