(Bloomberg) -- Lead headed for its biggest weekly
drop since at least 1988 after traders judged that last week's
record high no longer reflected the outlook for supply. Nickel
also declined, while copper rose.
Lead surged more than 15 percent last week after an
explosion cut output at Doe Run Resources Corp.'s Herculaneum
smelter on July 13. The smelter will resume full production next
month and lost supply is likely to be small, said analysts
including Stephen Briggs at Societe Generale in London.
Read more at Bloomberg Commodities News
drop since at least 1988 after traders judged that last week's
record high no longer reflected the outlook for supply. Nickel
also declined, while copper rose.
Lead surged more than 15 percent last week after an
explosion cut output at Doe Run Resources Corp.'s Herculaneum
smelter on July 13. The smelter will resume full production next
month and lost supply is likely to be small, said analysts
including Stephen Briggs at Societe Generale in London.
Read more at Bloomberg Commodities News
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