The three-month lead price on the London Metal Exchange was higher at the close of trading on Thursday October 3, with the price closing above $2,100 per tonne amid thin volumes, while copper futures failed to test nearby resistance.
Lead's outright price closed at $2,129 per tonne in the afternoon, its highest close since September 30 at $2,131 per tonne, which marked a seven-month high in lead futures.The price rise came against thin volumes traded in lead, with around 2,500 lots of lead exchanged at the close - below the LME average of 3,500-4,000 lots - with the Chinese market away on a national holiday.Lead prices have gradually trended higher since August because of supply disruptions at Nyrstar's Port Pirie smelter...