Standard Bank calls lead metal to watch

Oct 15, 2013 | 02:31 PM |

Tags  lead prices, Standard Bank, Melinda Moore, investments, lead-acid battery, zinc prices, nickel prices, copper prices aluminum prices

LONDON — Lead will be the metal to watch for investors next year, as a lack of investment and a pickup in lead-acid battery demand could push prices higher, Standard Bank commodity strategist Melinda Moore said during LME Week in London last week.

Lead’s toxicity has meant that no one has been investing in it to create more production capacity, but an anticipated pick-up in the battery sector could lend support to lead prices in the future, Moore said.

"No one invested in it and so suddenly lead is going along very happily. It is the one to watch and to invest in if you can cope with the idea of investing in lead," she said.....

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