Lead and zinc positioned for recovery
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Post by Melissa Pistilli, Resource Reporter
Post by Melissa Pistilli, Resource Reporter
Lead Investing News reports lead being the second best performer on LME metals.
Lead gained 27 per cent in Q1, just short of copper’s 31.6 per cent. A large oversupply in the zinc market meant miners were ruthless with output cuts. Supply-side curtailments even before the worst of the price slump in Q4 left the market relatively well poised in terms of underlying supply-demand balance.
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