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Falling LME lead price pressures US lead premium
In the United States, the premium for lead 99.97% metal widened in response to a fall in the LME three-month price of the metal.
Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US at $0.09-0.105 per lb on Tuesday, widening from the previous range of at $0.09-0.10 per lb.
The LME three-month lead price contract closed at $1,908 per tonne on Tuesday, down from the 16-month high of $2,262 per tonne set on October 29.
“Demand is good for lead,” a seller said, though other market participants pointed out that the...