LIVE FUTURES REPORT 26/03: Steady buying sees LME lead price climb 3%; copper holds above $4,800

The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Thursday March 26, climbing by just over 3% to close at its highest level since March 16, while copper futures found support above the $4,800 per tonne threshold.

Lead’s underlying price on the LME closed at $1,685 per tonne, an increase of more than 3% from its intraday low of $1,635.50 per tonne, although turnover was moderate at some 3,577 lots exchanged by the close. The price of lead futures has steadily risen so far this week, clawing back from a weekly low of $1,580.50 per tonne on March 23, while the metal’s three-month price was approaching resistance at $1,700 per tonne. “LME lead prices continue...


Hassan Butt

March 26, 2020

18:18 GMT