Lead seen poised for comeback as stocks remain low

Nov 29, 2007 | 08:50 AM | Meghann McDonell

Lead prices are expected to rebound following a flurry of profit-taking as stocks held in London Metal Exchange-registered warehouses remain at critical levels, according to trade sources.

Lead prices inched up Thursday on the LME, with three-month metal posting an official settlement of $3,057 per tonne, up from Wednesday's close at $2,956 per tonne but a far cry from its peak reached in early October of $3,860 per tonne following a fire at Xstrata Plc's Mount Isa smelter.....

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