All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index.
The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in place. The metal reached a high of $2,528 per tonne over the morning, recording its highest figure since February 28. "Firm stock markets lent buoyancy to metals prices yesterday. Lead achieved the biggest gains, rising by 2.5% to over $2,500 per tonne. The most-active lead contract on the SHFE in Shanghai is following suit today: it has surged by almost 4% to a 7 1/2 -month high," Commerzbank Research noted. "Lead stocks there have been reduced significantly so far this year. Besides this factor,...