The three-month lead price made the biggest gains among the London Metal Exchange base metals complex on January 13, while the copper price closed above $8,000 per tonne, aided by a stable dollar index and the prospect of a new, trillion-dollar stimulus package in the United States.
The lead price closed 1.5% higher on Wednesday at $2,051 per tonne at 5pm from Tuesday's closing price of $2,021 per tonne at the same time. The price has continued to recover following a 2.7% rebound on Tuesday to $2,021 per tonne at the close. The price had fallen by 1.7% on Monday to $1,966 per tonne at 5pm, a day when the dollar index rose to as high as 90.73 and sent the entire complex downward by casting a risk-off mood for metals traders. The dollar index was at 90.35 on...