(Bloomberg) -- Lead rose to a record $3,000 a
metric ton in London as stockpiles shrank and demand increased
from China, the largest consumer of the metal. Copper dropped
for a second consecutive day.
Demand for the metal used in car batteries will exceed
production by 74,000 tons this year, according to Macquarie Bank
Ltd., forcing consumers to tap inventories. Stockpiles tracked
by the London Metal Exchange fell 125 tons to 42,925 tons, the
LME said today in a daily report. They have declined 61 percent
in the past 12 months.
Read more at Bloomberg Commodities News
metric ton in London as stockpiles shrank and demand increased
from China, the largest consumer of the metal. Copper dropped
for a second consecutive day.
Demand for the metal used in car batteries will exceed
production by 74,000 tons this year, according to Macquarie Bank
Ltd., forcing consumers to tap inventories. Stockpiles tracked
by the London Metal Exchange fell 125 tons to 42,925 tons, the
LME said today in a daily report. They have declined 61 percent
in the past 12 months.
Read more at Bloomberg Commodities News
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