LIVE FUTURES REPORT 25/06: LME lead price continues upsurge; copper fails to breach $5,900

The three-month price of lead on the London Metal Exchange continued its upward trajectory at the close of trading on Thursday June 25, closing more than 1% higher and topping gains across the base-metals complex.

But a steady uptick in copper futures over the afternoon was not enough to breach nearby resistance.
Lead’s outright price on the LME closed at $1,786 per tonne on Thursday afternoon, nearing the June 18 high of $1,795 per tonne, while turnover was at its lowest since May 28 at 3,049 lots exchanged by the close.

The metal’s price continued to rise over the afternoon, spurred by a removal of some 13,525 tonnes from LME-registered warehouses, while the metal’s forward...


Hassan Butt

June 25, 2020

17:27 GMT