The worries over the global economic outlook may see a big impact on base metals including lead. China shut down one of their three mines owned by China’s top lead producer, Yuguang Gold & Lead Co. and still the global lead market was in surplus of 23,000 tonnes in the first seven months of this [...]
Weak demand and global economy worries still have a big impact on metals. Lead was up $20 from close on Thursday, however, it fell to a 2-month low of $1,662.25 before bouncing back to $1,720. Analysts said industrial metals also took their cue from the equity markets, which rose sharply in Europe and in Wall Street [...]
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