Market sentiment wins in price tug-of-war

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Tue, Mar 3, 2009

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Lead Investing News reports base metals saw a positive outlook and lead prices were up.

Lead was up $55, to $1,050 a tonne on the LME. Zinc climbed the most in two weeks after China’s stockpiling agency bought metal from domestic smelters, reducing supply. The State Reserve Bureau bought 100,000 metric tons, taking total purchases for the year to 159,000 tonnes.

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