July 2012 | Base Metals
Fundamentally there is little to be bullish about: Lead - Market Analysis
Generally, as was seen in the battery and lead recycling industries last year, capacity closures do not have a big impact as normally new more modern capacity has already been built to take up the slack caused by the closures. Given economic activity is slow, we doubt these closures will have much impact on the supply/demand balance.
Routine stock withdrawals from Europe
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