CAPITAL MARKETS

Major metals rally

ALL the major base metals rallied overnight, with lead taking the lead, stacking on an additional 1.61% to US$2149 per tonne. It rallied from 12-month low amid speculation that secondary metal processors in China were cutting production on weak margins. 

Lead took the lead overnight.

Lead took the lead overnight.

  Lead was followed closely by both zinc and nickel, each adding 1.21% to $2600/t and $13,850 respectively.   Iron ore continued its rise towards $70/t, with the Metal Bulletin 62% Fe price adding...

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