Lead Falls on US Dollar Rise
The US dollar has been rising over the last month and its current strength dampened the appeal of raw materials such as lead leaving lead to drop.
Lead for delivery in three months dropped $46, or 2.4 percent, to $1,900 a metric ton as of 4:38 p.m. on the London Metal Exchange. Prices rose as much as 3.8 percent after the LME reported another 450-ton decline in inventories, to 78,700 tons, the lowest since June 12.
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Thu, Sep 4, 2008
Post by Melissa Pistilli, Lead Senior Reporter