Tag: weekly lead report
-
LME lead rises w-o-w on tighter inventories; gains capped by cautious demand
Prices approach $2,000/t despite mixed sentiment Inventories drop moderately, market still well supplied Lead prices on the London Metal Exchange (LME) moved higher during the week ended 15 May 2026, supported by continued inventory drawdowns and firmer sentiment across the broader base metals complex. However, gains remained capped near the psychological $2,000/t level amid cautious…