A raft of auto closures in the United States drove the lead premiums down further this week, moving the range for the 99.99% ingot premium for the first time in more than two years and sinking the 99.97% ingot premium to its lowest in seven-and-a-half years.
Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US at 8-9 cents per lb on Tuesday April 21, down by 5.6% from its previous range of 8.5-9.5 cents per lb, where the premium landed on March 3. The premium now stands at its lowest since...