Lead - $1.80 - another record highJust $34 from the magic $4,000/tn level...
Zinc still sitting at ~$1.40 even though it set yet another record low inventory level on the LME today. Down to 58,600 tns, down from 110,000 tns earlier this year, down from 170,000 tns a year ago and down from 700,000 tn in '05.
Besides Lead, Zinc is the only bm to see yoy inventory draws. Yet Zinc prices are lower yoy. Go figure.