LIVE FUTURES REPORT 07/04: LME lead at $1,980; copper, nickel down

London Metal Exchange three-month lead and zinc prices were on the rise on Wednesday April 7 while copper and nickel prices fell from their closing prices on Tuesday following a spate of buying that pushed most metals' prices up by between 1.5-3%.

The LME lead futures price was at $1,980.50 per tonne on Wednesday - its highest in just over a month when the metal closed at $2,051 per tonne on March 3 - up by 0.7% from $1,967 per tonne on Tuesday. 
Lead production in Peru fell by nearly 10% over February to 21,341 tonnes from last year’s output figure of 23,708 tonnes, energy and mines ministry, Minem, figures show.

This follows the preliminary estimates from the International Lead and Zinc Study Group (ILZSG) that put...


Ana de Liz

April 07, 2021

09:12 GMT