Lead, zinc scrap prices rise amid LME gains

Jul 29, 2014 | 02:31 PM | Saranya Kapur

Tags  lead, zinc, scrap, batteries, London Metal Exchange, Saranya Kapur

NEW YORK — A run-up in terminal market prices has pushed up lead and zinc scrap tags, but muted summer market activity has placed a ceiling on scrap prices, market sources told AMM.

The London Metal Exchange’s three-month lead contract jumped to $2,287 per tonne July 28, a 17-month high, while the LME’s three-month zinc contract, which has had a steady run-up on supply concerns, hit a three-year high of $2,400 per ton.....

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