Fastmarkets research led a bullish charge on the London Metal Exchange lead cash price, projecting it to rise as high as $2,200 per tonne in the fourth quarter of 2019 at the International Lead & Zinc Conference on Tuesday April 16, 2019.
Despite waning demand for the heavy metal in the face of ecological concerns, Fastmarkets research has adopted a bullish stance for the material in the short term. This contravenes current bullish attitudes to lead, supported by a somewhat depressed LME cash price, which continues to trade below its $2,000-per-tonne psychological price level, trading at a high of $1,932 per tonne on April 16. Far from echoing the International Lead and Zinc Study...