The London Metal Exchange three-month lead price increased by more than 2% during morning trading on Tuesday June 16 against steady turnover, while a strong incline in nickel futures brought its outright price to nearby resistance.
LME lead's outright price was recently at $1,782.50 per tonne on Tuesday morning, climbing from an intraday low of $1,746 per tonne, while turnover was moderate at some 1,500 lots as of 10am London time. Volatile price swings remain a common feature of the LME base metals complex, with investor sentiment still cautious amid continued economic uncertainty.Lead's forward curve remained wide over the morning, with the metal's...