(Bloomberg) -- Lead increased to a record for a
fifth consecutive trading session in London on speculation that
supply disruptions and cuts to Chinese production will
exacerbate a shortage of the metal. Copper and aluminum fell.
China, the world's largest producer, raised export taxes on
products including lead and zinc on June 1 to help curb a record
trade surplus. Exports from Ivernia Inc.'s Magellan mine in
Australia, which accounts for 3 percent of global supply, have
been suspended since March due to an investigation into lead
poisoning at the port of Esperance.
Read more at Bloomberg Commodities News
fifth consecutive trading session in London on speculation that
supply disruptions and cuts to Chinese production will
exacerbate a shortage of the metal. Copper and aluminum fell.
China, the world's largest producer, raised export taxes on
products including lead and zinc on June 1 to help curb a record
trade surplus. Exports from Ivernia Inc.'s Magellan mine in
Australia, which accounts for 3 percent of global supply, have
been suspended since March due to an investigation into lead
poisoning at the port of Esperance.
Read more at Bloomberg Commodities News
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