Supply hitches catch up with lead as LME stocks shrink

In demand: Metal pieces are hot-dip galvanised in Meckenheim, Germany. Zinc smelter closures in Europe have grabbed the recent headlines, but lead has also been taking a growing number of supply hits. — AP

THE lead market has sparked back into life after a raid on already low London Metal Exchange (LME) stocks.

The LME three-month lead price jumped 12% over the course of last week, hitting a near two-month high of US$2,093.50 (RM9,779) per tonne.