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Macquarie: The Rise of Lead Stocks Could Be Misleading
Oct. 31, 2012 12:07PM PST
Base Metals Investing Reported lead stocks have risen recently, primarily as a result of metal previously withdrawn from LME warehouses in Asia being delivered back on to warrant elsewhere in the world.
Reported lead stocks have risen recently, primarily as a result of metal previously withdrawn from LME warehouses in Asia being delivered back on to warrant elsewhere in the world.
As quoted in article:
Over 130,000 mt of LME lead stocks are currently canceled, according to the latest LME data, an all-time record, leaving 194,500 mt on warrant, but even this does not paint the full picture.
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