(Bloomberg) -- Lead rose to record for a fourth day
in London on speculation that supply growth of the metal used in
car batteries will be limited this year following a cut in
Chinese production. Copper dropped for a third consecutive day.
Lead smelters in China, the world's largest producer, are
cutting output this year due to rising prices of concentrate,
the raw material that's smelted into metal, Reuters reported
June 22. Demand for the metal beat supply by 111,000 metric tons
in the first four months, the Ware, England-based World Bureau
of Metal Statistics said last week.
Read more at Bloomberg Commodities News
in London on speculation that supply growth of the metal used in
car batteries will be limited this year following a cut in
Chinese production. Copper dropped for a third consecutive day.
Lead smelters in China, the world's largest producer, are
cutting output this year due to rising prices of concentrate,
the raw material that's smelted into metal, Reuters reported
June 22. Demand for the metal beat supply by 111,000 metric tons
in the first four months, the Ware, England-based World Bureau
of Metal Statistics said last week.
Read more at Bloomberg Commodities News
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