(Bloomberg) -- Lead climbed to a record for a third
consecutive session in London on speculation that supply disruptions
and slowing production of the metal in China, the world's largest
producer, will curb output. Copper and aluminum gained.
Production of refined metal in China has slowed this year as
smelters cut output due to shortages of lead concentrate, a raw
material that is smelted into metal, Standard Bank Group Ltd.
said in a report. The shortage has been exacerbated by a stoppage
at Ivernia Inc.'s Australian mine that halted deliveries in March
following a lead-poisoning investigation, the bank said.
Read more at Bloomberg Commodities News
consecutive session in London on speculation that supply disruptions
and slowing production of the metal in China, the world's largest
producer, will curb output. Copper and aluminum gained.
Production of refined metal in China has slowed this year as
smelters cut output due to shortages of lead concentrate, a raw
material that is smelted into metal, Standard Bank Group Ltd.
said in a report. The shortage has been exacerbated by a stoppage
at Ivernia Inc.'s Australian mine that halted deliveries in March
following a lead-poisoning investigation, the bank said.
Read more at Bloomberg Commodities News
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