The lead premium increased in India on Tuesday January 14 with availability of Iranian lead reduced in line with the US-Iran trade tension, while both Southeast Asian and Italian zinc premiums rose for the first time since the first half of 2019.
The Indian lead premium rose amid an open import arbitrage Southeast Asia zinc premium rose on pick-up in spot trading. Italian premium edges higher on improved liquidity. US, Shanghai zinc premiums stable amid low buying appetite. Indian lead premiums tack higherThe US Department of the Treasury's Office of Foreign Assets Control (OFAC) targeted 17 Iranian metal producers and mining companies - as well as other foreign entities - with fresh sanctions amid increased tension between the...