Bull market in sight after another outage at Port Pirie At their recent highs, lead prices had rallied 19.4% from the May lows. A 20% rally is generally thought of as indicating a bull market is underway, so we wait to see if lead can move above the $2,129 per tonne level to show a 20% rise. News of another production halt at Port Pirie this week has prompted fresh buying the earlier halt, between June and July, led to the loss of 30,000 tonnes of lead production. The production problem is at Port Piries new TSL furnace that feeds...
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