(Bloomberg) -- Lead fell in London after investors
judged that gains that took the metal to a record for a sixth
consecutive session were overdone. Nickel rose and tin climbed
the most in more than two months.
The gains in lead had been ``way too over-extended'' and
the metal was poised to fall, Robin Bhar, an analyst with UBS AG
in London, said today in a report. ``Despite these supply
concerns there is no actual shortage of metal in the physical
markets.''
Read more at Bloomberg Commodities News
judged that gains that took the metal to a record for a sixth
consecutive session were overdone. Nickel rose and tin climbed
the most in more than two months.
The gains in lead had been ``way too over-extended'' and
the metal was poised to fall, Robin Bhar, an analyst with UBS AG
in London, said today in a report. ``Despite these supply
concerns there is no actual shortage of metal in the physical
markets.''
Read more at Bloomberg Commodities News
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