The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Thursday March 26, climbing by just over 3% to close at its highest level since March 16, while copper futures found support above the $4,800 per tonne threshold.
Lead's underlying price on the LME closed at $1,685 per tonne, an increase of more than 3% from its intraday low of $1,635.50 per tonne, although turnover was moderate at some 3,577 lots exchanged by the close.The price of lead futures has steadily risen so far this week, clawing back from a weekly low of $1,580.50 per tonne on March 23, while the metal's three-month price was approaching resistance at $1,700 per tonne."LME lead prices continue...