Lead: No fundamental case for fresh rallies yet

The upside break in LME lead prices to a high of $2,458.50/tonne in February quickly stalled, and prices returned to the $2,200-2,400/tonne trading range.

The latest data from the ILZSG portrays a balanced market overall in 2016, with an 11,000-tonne surplus. Exchange stocks rose by a similar 19,900 tonnes, again indicative of...

Published

Andrew Cole

February 27, 2017

00:00 GMT