Industrial metals climbed after a steep drop leaving lead at more than a 5% high. Lead for three-months delivery on the London Metal Exchange jumped to $1,658 per tonne and was at $1,655.25 per tonne by 1502 GMT versus Wednesday’s close of $1,575 a tonne. Lead and zinc prices were also boosted by a Chinese [...]
Higher oil and gold and a weak dollar have seen lead rising on the London Metal Exchange and Comex MCX. Analysts believe that if the present bullish fundamentals continue, then lead has a potential to test $3,500 a tonne in the coming weeks. “If last year’s fundamentals hold correct and the momentum rally continues [...]
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