Lead prices can find support from any improvement of auto sales in China, while the contraction in automotive sales is losing momentum, ICBC Standard Bank said in a research note on April 17.
"Any improvement in the autos sector would present an important change for both lead and palladium [prices]," ICBC Standard Bank, a leading financial market and commodities bank, said.The lead cash price on the London Metal Exchange closed at $1,917 per tonne on April 17, down 11% from this year's high of $2,182...