INTL ZINC & LEAD CONF: Lead price could rebound to $2,100/t in 2019 before falling again – Macquarie

The lead price could rebound above $2,000 per tonne and even touch $2,100 per tonne in the next six months because it is oversold and supply and demand conditions remain tight this year, Macquarie bank said on Tuesday April 16.

"The recent decline in the lead price is overdone and was on the back of a large re-warranting in Asia rather than a change in fundamentals,” Macquarie metals strategist Vivienne Lloyd said at Fastmarkets' International Lead & Zinc conference in London. "We expect the price to move back above $2,000 in the next three to six months," she added. Lloyd said the lead price could even rise to $2,100 per tonne if...

Published

Burcu Cura

April 17, 2019

16:39 GMT

London