Lead will beat other LME metals

Print this page Posted on : 10-10-2007 by recycleinme.com

Lead will beat all other metals traded on the London Metal Exchange next year, because of a sixth consecutive annual shortage, Mitsui Bussan Commodities Ltd. said. Lead for delivery in three months will average $3,630 a tonne in 2008, compared with $2,652 a tonne estimated for this year, the LME brokerage said in the report. Copper will gain 9 per cent to an average of $8,100 a tonne next year and aluminium will rise 1.2 per cent to $2,630 a tonne. Nickel will fall 16 per cent to an average of $30,500 a tonne and zinc will drop 21 per cent to $2,675 a tonne. Tin’s gain will be 13 per cent to $16,250.

Source : Business Line