Fundamentals said still driving lead premiums

Mar 21, 2013 | 07:13 PM | Mark Burton

Tags  lead, premiums, 5th World Lead Conference, Eric Le Roux, Société Générale, Metal Bulletin, Mark Burton

LONDON — Fundamentals still have a strong role to play in setting physical premiums in the lead market, according to Eric Le Roux, director for metals markets at Société Générale SA.

Premiums have rallied in the United States and Europe this past year.

Some U.S. contract premiums have been set at $220 to $230 per tonne for this year, a response to the sharp rise in spot premiums seen throughout 2012, Le Roux told delegates recently at the 5th World Lead Conference in Istanbul. ....

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