A new wave of Covid-19 infections in the United States has left the production ramp-up in the automotive sector pending, resulting in low lead spot trades and flat premiums in the week to Tuesday June 30, while global zinc premiums were stable on slow demand.
Covid-19 cases increase in US leaving automotive production ramp-up pending and lead sales thin US zinc premiums hold in illiquid market Asian premiums unchanged on thin transactions European premiums flat amid H2 contract negotiations US lead, zinc premiums hold in illiquid marketThe sector, which is very reliant on lead acid batteries for cars, has seen few spot sales since the Covid-19 pandemic began pending a full resumption...