Lead poised for run-up as stocks remain tight
Nov 29, 2007 | 12:34 PM
| 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 higher 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 but a far cry from its peak of $3,860 per tonne in early October following a fire at Xstrata Plc's Mount Isa smelter in Queensland, Australia.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.