(Bloomberg) -- Lead headed for its biggest weekly
drop in eight months after traders judged that last week's record
prices no longer reflected the outlook for supply. Nickel and
copper also declined.
Lead surged more than 15 percent last week after an
explosion cut output at Doe Run Resources Corp.'s Herculaneum
smelter July 13. The smelter will resume full production next
month and lost supply is probably small, said analysts including
Stephen Briggs at Societe Generale in London.
Read more at Bloomberg Commodities News
drop in eight months after traders judged that last week's record
prices no longer reflected the outlook for supply. Nickel and
copper also declined.
Lead surged more than 15 percent last week after an
explosion cut output at Doe Run Resources Corp.'s Herculaneum
smelter July 13. The smelter will resume full production next
month and lost supply is probably small, said analysts including
Stephen Briggs at Societe Generale in London.
Read more at Bloomberg Commodities News
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