US lead premiums get boost from auto demand
- US lead premiums rise on automotive battery demand.
- European zinc premiums firm with buying seen from diecasters and galvanizers.
- Shanghai zinc markets were flat on worsening import arbitrage.
Lead premiums in the US have risen to near pre-pandemic levels due to continually improving demand from the automotive industry.
Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US
at an eight-month high of $0.0925-0.1025 per lb on Tuesday, rising from last week’s $0.09-0.10 per lb.
Similarly, the lead 99.99% ingot premium, delivered Midwest US
was at $0.1125-0.1225 per lb on Tuesday, and is now at the highest level since mid-April when it was at 11-13 cents per lb.
“We are transitioning into the winter season,...