Friday, July 13, 2007

Lead Rises in London to Record on Australia Pollution Probe; Copper Gains

(Bloomberg) -- Lead rose to a record in London for
a third consecutive day on speculation an expanded inquiry into
contamination at Australian ports will exacerbate a shortage of
the metal. Copper and zinc also climbed.

Western Australia state will assess pollution at seven
ports after lead was detected in tests at Derby and Geraldton,
the state's Department of Environment said yesterday. Shipments
of raw material containing the metal used in batteries had
already been suspended from the port of Esperance.


Read more at Bloomberg Commodities News

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