Lead Hits 9 Week High
A drop in exports from China finds lead on a 9 week high.
Chinese exports of refined lead dropped 96 percent in June and fell 80 percent in the first half. [ID:nPEK277912]
“Net lead exports to the west from China were at their lowest this decade in June,” said Nick Moore, analyst at ABN AMRO. “China is the largest producer and consumer of lead so anything out of there tends to feed in quite quickly.”
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While the western car industry may be lagging there will be a need for replacement batteries for old cars. India and China’s demand for batteries is increasing the demand for lead.
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Tue, Jul 22, 2008
Post by Melissa Pistilli, Lead Senior Reporter