The lead market has been a bit more buoyant of late with prices seemingly finding it a bit easier to hold above $2,200/tonne. Last week the market peaked at $2,230/tonne, but then dipped to $2,162.75/tonne, before steadying again. This latest show of strength has cleared numerous previous peaks and has matched the January high of $2,230/tonne, which is now the next target to overcome convincingly. For most of the year we have liked lead's fundamentals and have been surprised how sluggish prices have been, but that might be starting to change now that prices seem to be managing to hold up at higher levels without being hit lower.
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