Low zinc and lead inventories threaten price stability

Lead Investing News reports lead prices have fell to its lowest point.

Lead prices on the LME are poised to fall further after dropping sharply in the previous session. Analysts are now forecasting that the metal’s demand base could weaken further as growth in China continues to shrink and car sales keep falling.  Lead for delivery in three months fell $114 or 11 per cent to $975 a tonne. Lead inventories in warehouses monitored by the London bourse increased 1,125 tonnes or 2.7 per cent to 42,975 tonnes; the biggest jump since June 17.

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