Wednesday, July 18, 2007

Lead Rises to Record for 6th Straight Day on Supply Concern; Nickel Gains

(Bloomberg) -- Lead rose to a record in London for
a sixth consecutive session on speculation that production will
fail to meet demand after a U.S. smelter was damaged by an
explosion. Nickel also climbed.

Doe Run Resources Corp., the world's second-largest lead
refiner, said yesterday that a blast at its Herculaneum smelter
in Missouri cut the plant's output by half. Lead's advance this
year has outpaced other industrial metals traded on the London
Metal Exchange as supplies from Australia were disrupted by a
pollution investigation.


Read more at Bloomberg Commodities News

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