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2018 PREVIEW: Will lead outshine zinc or will strikes send copper soaring?--2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
1/2/2018 Copper exhibition -non-ferrous metals expo |
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| INTL FCStone analysts predict that over the course of 2018 lead prices will hit $2,900 per tonne. The metal was last regularly trading at this level in 2007 and 2008 ¨C meaning it would hit a 10-year high according to the forecast, much like zinc did in 2017. ¡°We remain constructive on lead going into next year as this year¡¯s shortfall, coupled with another expected deficit for next year, should keep trading ranges fairly high,¡± an INTL FCStone analyst said. The lead price started 2017 just above $2,000 per tonne and rallied to a high of $2,620.50 per tonne in October. Since then the metal has stabilized around $2,500 per tonne - but underlying fundamentals provide a good backdrop for it to push higher this year. With the most recent International Lead & Zinc Study Group (ILZSG) report noting that the deficit shortfall for the first 10 months of...
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