Resistance above $2,100 per tonne being eroded, uptrend developing Lead prices are making headway above $2,100 per tonne, which, along with exchange stocks falling again, is a sign that the underlying deficit is starting to bite more. Supply disruptions and environmental restrictions at mines and smelters are partially responsible for the tightness. Mine supply disruptions have kept lead market tight Disruptions at Newmont Goldcorp's Peñasquito mine in Mexico and at Sumitomo’s San Cristobal in Bolivia, have been keeping mine supply in check, with global output only up 22,000 tonnes in the first seven months of the year. If this continues for...
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