Lead: Steady price uptrend continuing

Lead prices remain on their steady uptrend since the summer lows last year and in January have been eroding resistance around October’s 6-year high above $2,600/tonne.

We expect the underlying strengthening fundamentals, especially on the supply side, to maintain the uptrend this year. Primary producers may well struggle to respond to higher lead prices and we doubt there is much hoarded scrap around given how strong prices have been...

Published

Andrew Cole

January 25, 2018

00:00 GMT