The London Metal Exchange three-month lead price was higher during morning trading on Friday June 12, with a fresh cancellation of some 11,450 tonnes bolstering the metal's exchange price, while steady buying in copper futures continued over the morning.
LME lead's outright price was recently at $1,764.50 per tonne - climbing from a morning low of $1,723 per tonne - while turnover was moderately low at just over 1,000 lots as of 9:45am London time. Some 2,250 tonnes of lead were booked out of LME-registered warehouses in Antwerp during the cancellation this morning, with 2,825 tonnes freshly canceled in Leghorn, 5,100 tonnes booked out of Rotterdam and 1,275 tonnes booked for removal in Trieste. Total on-warrant LME lead stocks are down to 47,650 tonnes, with 27,775 tonnes of the LME's total 75,425 tonnes of lead now canceled. The...