The London Metal Exchange three-month lead price closed at its lowest level since May 2019 on Monday February 10, dipping below the key $1,800-per-tonne support level, while nickel futures struggled to breach resistance against thin trading volumes.
Lead's underlying price on the LME closed at $1,796 per tonne, with its price action slipping from an intraday high of $1,825 per tonne while turnover was at its lowest since January 24 with some 3,250 lots exchanged by the close. Selling pressure remains a prominent feature in LME lead's complex in recent weeks, with the metal shedding over 7% of its three-month price since the start of 2020. Despite this, LME...