(Bloomberg) -- Lead climbed to a record for a third
consecutive day in London on speculation that supply disruptions
and slowing production of the metal in China, the world's
largest producer, will curb output. Copper and aluminum gained.
Production growth of refined metal in China has slowed this
year because of a dearth of lead concentrate, a raw material
that is smelted into metal, Standard Bank Group Ltd. said in a
report. The shortage has been exacerbated by a stoppage at
Ivernia Inc.'s Australian mine, which halted deliveries in March
following a lead-poisoning investigation, the bank said.
Read more at Bloomberg Commodities News
consecutive day in London on speculation that supply disruptions
and slowing production of the metal in China, the world's
largest producer, will curb output. Copper and aluminum gained.
Production growth of refined metal in China has slowed this
year because of a dearth of lead concentrate, a raw material
that is smelted into metal, Standard Bank Group Ltd. said in a
report. The shortage has been exacerbated by a stoppage at
Ivernia Inc.'s Australian mine, which halted deliveries in March
following a lead-poisoning investigation, the bank said.
Read more at Bloomberg Commodities News
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