Tag: battery industry
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Sharp destocking drives bullish momentum in LME lead prices
LME inventories drop by 5%, prices rise by 2% China’s social inventory falls to over 1-year low The lead market experienced a week of strong upward momentum and notable price gains during Week 42, largely driven by significant destocking of LME inventories, improved downstream demand, and a firming SHFE market. This led to a positive closing…