Lead hits high as Magellan pollution inquiry commences

摘要

THE continuing suspension of lead shipments from the Western Australian port of Esperance saw three-month lead futures contracts hit another inflation-adjusted record high of 2,090 US dollars/t on May 3. Although London Metal Exchange warehouse stocks rose 2751 to 43,0251, an increase in cancelled warrants suggested further possible reductions. Ivernia Inc's Magellan lead mine, the world's largest for primary lead, was placed on temporary care and maintenance on April 3, pending an inquiry into the lead-poisoning deaths of 4,000 birds at Esperance.