Tag: secondary lead smelting
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Global: Lead prices test $1,900/t as falling stocks meet surplus outlook
LME inventories fall 15,300 t during the week Tight concentrate supply offsets rising secondary output Lead prices strengthened during the week ended 23 October as falling London Metal Exchange (LME) inventories and tight concentrate availability supported the market. However, prices struggled to sustain levels above $1,900/t as cautious downstream procurement, expectations of higher Chinese secondary…