Lead and Zinc join base metal rally

- June 15th, 2009

Lead and Zinc Investing News report zinc and lead prices join the base metal rally. The metal used to galvanize steel touched a four-year low of $1,038 on Dec.12, after reaching $2,900 earlier last year. LME zinc stocks have declined, falling to about 10 days’ worth of consumption. Much of the LME stock has been … Continued

Lead and Zinc Investing News report zinc and lead prices join the base metal rally.

The metal used to galvanize steel touched a four-year low of $1,038 on Dec.12, after reaching $2,900 earlier last year. LME zinc stocks have declined, falling to about 10 days’ worth of consumption. Much of the LME stock has been going to China as part of the SRB’s restocking program, which in turn have opened a strong arbitrage trade between the higher Shanghai prices than that of the LME, encouraging further imports.

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