Lead Futures Rose Over 2%
A rise of cancelled warrants and dropping inventories gave lead a boost of more than 2 percent. Inventories decreased to 71,925 tonnes with a drop of 1,175 tonnes on the LME.
Lead cancelled warrants on Thursday on the LME stood at 11 percent of the total stocks. Cancelled warrants indicate demand in the physical market and support for the metal.
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Wed, Sep 17, 2008
Post by Melissa Pistilli, Lead Senior Reporter