London Metal Exchange lead and nickel made gains close to 1% during the afternoon trading session on Tuesday January 19, with a lower US dollar index giving metals some space to recuperate their forward prices.
Lead's three-month price was up 0.9% to $2,015 per tonne at 5pm, an increase from $1,996.50 per tonne on Monday."Market seasonality is boosting lead demand, reflecting strong seasonal demand due to the traditional winter battery-kill season in the northern hemisphere. Lead premiums were little changed in the week to January 12, although supply availability in the United States tightened." Fastmarkets analyst James Moore said. ...