- US lead premiums at highest levels since launch in 2017.
- Premiums unchanged in Shanghai and Northern Europe.
- Total zinc LME stocks at 294,500 tonnes, highest levels since June 2017.
US 99.99% lead ingot premium jumps 23%
Lead premiums continued to strengthen in the US this week, bolstered by limited spot supply and strong demand during the winter battery-kill season.
Fastmarkets’
lead 99.99% ingot premium, delivered Midwest US rose by 23.4% week on week on Tuesday to 14-15 cents per lb from 11.25-12.25 cents per lb.
The premium moved for the first time since October 19, 2020, reaching the highest level since Fastmarkets started assessing it in January 2017.
The
lead 99.97% ingot premium, ddp Midwest US was stable at 11-13 cents per lb on the same day, maintaining its highest level since September 2016.
News of the closure of a...
