Tag: base metals analysis
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LME lead contracts weaken following unexpected inventory build-up
Lead inventories rise more than 40,000 t in week MCX prices slide despite firm domestic demand The lead market experienced a downward trend during Week 46 (17-21 November), driven by a sharp surge in LME inventories and rising concerns over US monetary policy. Although domestic demand in India offered some temporary support, LME lead prices,…